[Editor’s note]1month98156_8232

Report (excerpt below):

Ten million dollars stuffed in a box and left the country

(Source: "Legal Evening News"2013-1-9 A27versionText/Reporters: Wang Jinyu Wang Hong）

Probably3A few months ago, the Wall Street Journal said that China——w88 slot used to be a sink for the world’s cash, but now w88 slot has been seeing an outflow of cash in the past two or three years. Canada said that nearly 60% of the undeclared cash detected at the busiest airports in Toronto and Ottawa came from Chinese citizens.

So, the money was not detected when w88 slot left the country, but was found abroad. Was the money really used to buy a house?

Real estate purchase is virtual or real transfer Exclude“Money laundering”Possibly

Feng Pengcheng, Director of the International Investment Research Office of the w88 casinotold Fawan reporters that buying and investing in overseas properties is actually only a small number of cases. There is not much room for value-added in buying properties abroad, and the main purpose is to transfer property.

He said that most ordinary people transfer money abroad to immigrate or send their children to w88 casino, while the first purpose of the rich is to transfer funds. One is due to concerns about the security of personal private property, and the other is that some private enterprises evade taxes and transfer illegal funds. However, cash transfers are not mainstream and are mostly done through gray channels.

He said that in fact, the transfer of property overseas started in the last century90The era has begun,“w88 slot is illegal to take large amounts of cash abroad, but w88 slot is not illegal to transfer reasonably created wealth out of the country through legal means.”Feng Pengcheng said, there is a saying“Seagull Family”, that is, moving all the family members out, but returning to the country to make money.

“The U.S. economy is in a slump, but w88 slot is still the number one power. Moreover, these people only transfer money out and make money back home.”He said.

There are disadvantages to a large outflow of funds Those with serious circumstances should be held criminally liable

Feng Pengchengsaid that a large amount of capital outflow will have an impact on the country’s own construction funds,“Our country itself introduced foreign capital during construction, but the funds of the country's wealthy people flowed abroad.”

Lawyer Li Weimin said that to prevent this situation from happening, legislation should first be improved. At present, only currency smuggling is subject to criminal liability, but criminal liability will not be held for carrying excess cash abroad to buy cars or houses, etc.

He said that in the future, criminal liability can be considered for those with serious circumstances. For example, if an excessive amount of cash is carried in a very large amount, w88 slot should be considered an intentional illegal act.

Second, law enforcement should be strengthened, especially the customs’ penalties for illegal entry-exit inspections.

Third, countries should provide mutual judicial assistance, information sharing and exchange. Only in this way can we effectively crack down on this illegal behavior and prevent this phenomenon from happening in large numbers.

Attachment: Original report link:

http://www.fawan.com.cn/html/2013-01/10/content_407998.htm