[Explanation] On October 29, the reporter learned from the Shanghai police that recently, the police detected the first case of “underground bank” illegally engaged in fund exchange under the guise of selling game point cards in the Shanghai Stock Exchange, arresting more than 20 suspects and destroying them. There were 3 illegal online exchange platforms, and unpaid game point cards worth 20 million yuan (RMB, the same below) were seized, and the amount involved was more than 25 billion yuan.

　　After investigation, since October 2015, criminal gangs headed by criminal suspects Wan Mou and Huang Mou set up overseas servers for illegal gains, and set up illegal network exchanges without the approval of relevant state departments. The foreign exchange platform solicits domestic foreign exchange customers and provides foreign currency exchange services for others.

　　Taking an overseas foreign exchange customer as an example, the customer can transfer foreign currency to the account of an overseas game point card dealer designated by the customer service according to the guidance of the customer service on the website.

After the criminal gang obtains game point cards and passwords from overseas distributors, they sell the above-mentioned point cards to domestic game point card distributors, realizing them in RMB, and deducting the handling fee ranging from 5% to 10% before deducting the remaining The funds are transferred to inbound foreign exchange against the domestic account designated by the customer.

　　[Concurrent] Ma Qiang, Captain of Financial Crime Investigation Team, Economic Investigation Detachment, Baoshan Branch of Shanghai Public Security Bureau

　　The attributes of game currency are more convenient for money laundering operations, mainly because it is widely circulated in many markets, and there is also a lack of market supervision.

Basically, transfer the state of game currency holdings in the form of card secrets, and then one Excel file can be completed through the Internet, which is very conducive to money laundering operations.

　　[Explanation] According to Ye Ming, a staff member of the Shanghai Branch of the State Administration of Foreign Exchange, individuals who conduct domestic and foreign currency exchange through such illegal online exchange platforms are suspected of breaking the law and need to bear corresponding legal responsibilities.

　　[Concurrent] Ye Ming, staff member of the Shanghai Branch of the State Administration of Foreign Exchange

　　Illegal buying and selling of foreign exchange seriously disrupts our country's normal foreign exchange management order, and if it is serious, it will also endanger our country's financial stability and financial security, because a large amount of funds are circulating outside the monitoring system.

　　[Explanation] In the next stage, the Shanghai police will continue to keep a close eye on major risky economic crimes such as underground bank crimes, and strive to achieve concentrated attacks on similar crimes, intensified attacks on organized crimes, attack on new types of crimes, and coordinated use of police resources to defend the Shanghai stock market. Economic and financial security and stability.

　　[Concurrent] Pan Junjie, Inspector of the Economic Investigation Corps of Shanghai Public Security Bureau

　　Through similar criminal methods, clues and cases of an illegal money exchange will be cracked down in batches in the later stage.

　　Reporter Li Shuzheng Xu Mingrui reports from Shanghai

Editor in charge: [Ji Xiang]