1. Money laundering is an act of concealing, concealing, transforming illegal income obtained from crimes or other illegal acts by various means, so as to legalize it in form;

2. Forged commercial bills are used to launder money through the securities and insurance industries, bills are used to open accounts for money laundering, and international transfer of bank deposits is used for money laundering. Credit is recycled and futures and options are used for money laundering;

3, including the establishment of an anonymous company, concealing the real owner of the company's investment in cash-intensive industries and using counterfeit financial companies, law firms and other institutions to launder money.

What are the characteristics of money laundering crime?

1. The crime of money laundering not only violates the financial order, social and economic management order, but also violates the normal financial management activities of the state and the relevant provisions on foreign exchange management;

2. Provide a fund account. It refers to opening a bank account for criminals or providing the existing bank account for criminals to use;

3. Assist in converting property into cash or financial instruments, including converting physical objects into cash or financial instruments, converting cash into financial instruments or converting financial instruments into cash, etc.

4. Assist the transfer of funds through transfer or other settlement methods;

5. Concealing and concealing the illegal proceeds of crime and the source and nature of their income by other means: it refers to concealing and concealing the nature and source of illegal proceeds of crime and their income by other means, such as investing the proceeds of crime in a certain industry and buying real estate with the proceeds of crime;

6. The subjective expression of money laundering crime is intentional, that is, the perpetrator knows that his behavior is to cover up the illegal income of the crime, conceal its source and nature, and deliberately do it for the benefit, and hopes that this result will happen.

Legal basis: Article 19 1

The crime of money laundering covers up and conceals the income from drug crimes, organized crimes of underworld nature, terrorist activities, smuggling crimes, corruption and bribery crimes, crimes of disrupting financial management order, financial fraud and other crimes, as well as the source and nature of the income. Whoever commits one of the following acts shall be confiscated of the above-mentioned criminal proceeds and sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also or only be fined; 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) 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.