It is a crime to apply for a card to launder money for others. The judicial authorities shall confiscate the criminal proceeds and proceeds, and shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also or solely be fined not less than 5% of the amount of money laundered. A fine of not more than 20%; if the circumstances are serious, the person shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years, and shall also be fined not less than 5% but not more than 20% of the amount of money laundered.

Legal basis

Article 191 of the "Criminal Law" provides for covering up and concealing drug crimes, organized crimes of a mafia nature, terrorist crimes, smuggling crimes, corruption and bribery crimes, Whoever commits any of the following acts regarding the source and nature of the proceeds from crimes of disrupting financial management order or financial fraud and the proceeds thereof shall have the proceeds from committing the above crimes and the proceeds thereof confiscated, and shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and or a fine alone; 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 shall also be fined: (1) for providing a capital account; (2) for converting property into cash, financial instruments, or securities; ( 3) Transferring funds through transfer or other payment and settlement methods; (4) Transferring assets across borders; (5) Using other methods to conceal or conceal criminal proceeds and the source and nature of the proceeds. If a unit commits the crime in the preceding paragraph, the unit shall be fined, and the person directly in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.