No.

Article 233 of the "Procedural Regulations of Public Security Organs in Handling Criminal Cases" If it is necessary to freeze the deposits, remittances, bonds, stocks, fund shares and other properties of criminal suspects in financial institutions and other units, they must go through With the approval of the person in charge of the public security organ at or above the county level, a notice of assistance in freezing property shall be issued and financial institutions and other units shall be notified for execution.

Article 236 The period for freezing deposits, remittances and other property is six months. The period for freezing bonds, stocks, fund shares and other securities is two years. If there are special reasons for extending the time limit, the public security organs shall go through the procedures for continuing the freezing period before the expiration of the freezing period. The maximum period for each renewal of the freeze on deposits, remittances and other assets shall not exceed six months; the maximum period for each renewal of the freeze on bonds, stocks, fund shares and other securities shall not exceed two years. If the freezing continues, the freezing procedures shall be re-implemented in accordance with the provisions of Article 233 of these Regulations. If the freezing procedure is not completed within the time limit, the freezing will be deemed to be automatically lifted.

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For telecommunications network fraud cases, the Public Security Bureau has set up a special anti-fraud center, and 110 and jurisdiction The grid police realize real-time linkage of information. As long as it is confirmed that a citizen has encountered a non-contact fraud, payment can be stopped on the account involved in the case within 5-10 minutes at the fastest. Bank accounts are the only way for scammers to withdraw cash, and they are also the key point for police interceptions. Quick freezing of accounts is the key to recovering money. "The Ministry of Public Security launched a telecom fraud case investigation platform in 2016. With this artifact, we can immediately implement a quick payment stop on accounts in nearly a thousand banks across the country after verifying the case. Money can only be transferred in but not out."

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