: money laundering: money laundering is a technical term in the financial industry, and it is an act of legalizing illegal income. It mainly refers to covering up and concealing the source and nature of illegal income by various means, and formally legalizing illegal income and its income. Money laundering is a serious economic crime. It not only undermines the principle of fairness and justice in economic activities, the orderly competition in the market economy, the reputation and normal operation of financial institutions, but also threatens the security and stability of the financial system. In addition, money laundering is related to serious criminal crimes such as smuggling, terrorist activities, corruption and tax evasion, which has a great impact on a country's political stability and poses a serious threat to social stability, economic security and the security of the international political and economic system. Article 191 The crime of money laundering is an illegal and criminal act that deliberately conceals the source and nature of the proceeds from drug crimes, organized crimes of underworld nature, terrorist activities, smuggling, bribery and corruption crimes, crimes of disrupting financial management order and financial crimes.
Cash-out: Cash-out is an economic term, which refers to taking advantage of the subtle differences between the prices of the same product or almost the same product in different markets to make profits. Illegal cashing generally refers to the exchange of cash benefits in an illegal or false way. According to the explanations of the Supreme People's Court and the Supreme People's Procuratorate on several issues concerning the specific application of laws in criminal cases of damaging credit card management, withdrawing cash refers to paying cash directly to cardholders through points. Sales terminals (POS machines) violate state regulations, through false transactions, false offers, cash back, etc. Behavior: Merchants collude with bad cardholders or other third parties, or merchants withdraw cash through virtual transactions. On July 26th, 21, the Shanghai headquarters of the central bank stated that cashing in credit cards was illegal. The central bank is studying to record the cardholder's withdrawal into the personal credit information system, which will directly affect his personal credit record.