According to the provisions of the Criminal Law of People's Republic of China (PRC), anyone who commits any of the following acts in order to conceal or conceal the income of 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 shall be confiscated and sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also be fined: if the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than 10 years and shall also be fined:

(1) Providing capital accounts;

(2) Converting property into cash, financial bills or securities;

(3) Transferring funds by transfer or other payment and settlement methods;

(4) Cross-border transfer of assets;

(5) concealing or disguising 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.