Legal analysis: those with relatively large amount shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years. The crime of money laundering refers to the act of legalizing the illegal income by depositing it in financial institutions, investing or listing and circulating in order to cover up and conceal its source and nature, knowing that it is illegal income and income from drug crimes, organized crimes of underworld nature, corruption and bribery crimes, terrorist activities crimes and smuggling crimes.
Legal basis: Article 191 of the Criminal Law of the People's Republic of China covers up and conceals the income from drug crimes, organized crimes of underworld nature, crimes of terrorist activities, crimes of smuggling, crimes of corruption and bribery, crimes of disrupting financial management order and crimes of financial fraud, and the source and nature of the income generated. Whoever commits any of the following acts, the income from the above crimes and the income generated therefrom shall be confiscated and sentenced to fixed-term imprisonment of not more than five years or criminal detention. If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years and fined: (1) providing a capital account; (2) Converting property into cash, financial bills or securities; (3) transferring funds by transfer or other payment and settlement methods; (4) Transferring assets across borders; (5) Concealing or concealing the source and nature of the proceeds of crime and their proceeds by other means. If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.