China News Service, April 14th, talking about the recovery and return of the defrauded funds of the deceived people in the telecom network fraud case, Liu Zhongyi, director of the Criminal Investigation Bureau of the Ministry of Public Security, said at the press conference of the State Council Information Office on the 14th that in 2021, a total of emergency 329.1 billion yuan was defrauded by the people who stopped paying, and the 1.5 million victims who were making payments were exempted from being deceived.

  Liu Zhongyi said that the national public security organs resolutely practice the people-centered development concept, and always regard the recovery of stolen goods and damages as the top priority of anti-fraud work.

In recent years, the public security organs, together with the People's Bank of China, the China Banking and Insurance Regulatory Commission and other departments, have taken a series of work measures to resolutely recover and return the defrauded funds of the victims of telecommunication network fraud, and effectively protect the property safety of the people.

  The first is to establish a quick stop and freeze mechanism.

Continuously optimize and upgrade the platform system, and stop payments as much as possible to freeze victims’ defrauded funds.

In 2021, a total of 329.1 billion yuan of defrauded funds will be stopped urgently, and the 1.5 million victims who are making payments will be exempted from being defrauded.

  The second is to establish a risk monitoring and interception mechanism for fraudulent bank accounts.

The Ministry of Public Security and the People's Bank of China instructed various banking and financial institutions to establish a big data risk control model, and conduct real-time fund interception for risk accounts involving telecom and network fraud, with a total of 1.02 million fund accounts intercepted and 14.8 billion yuan.

  The third is to return the defrauded funds in a timely manner in accordance with the law.

The Ministry of Public Security, together with the China Banking and Insurance Regulatory Commission, has formulated and issued the "Several Provisions on the Return of Frozen Funds in New Types of Illegal and Criminal Cases of Telecommunications Networks" and the detailed implementation rules. The frozen funds involved in the cases with clear ownership and meeting the return conditions will be returned to the defrauded people in a timely manner according to law.

In 2021, public security organs across the country will recover a total of 12 billion yuan of defrauded funds from the people.

  With the rapid development of Internet finance, fraudsters use three-party four-party payment, benchmarking platform, digital currency, trade hedging and other methods to continuously change the transfer and money-laundering methods. The transfer speed is fast and the concealment is strong. It is very difficult to come.

In addition, the legal basis for the return of funds needs to be further improved, the return process needs to be further improved, and this work still faces many challenges.

  Liu Zhongyi said that in the next step, the Ministry of Public Security will work with the People's Bank of China, the China Banking and Insurance Regulatory Commission, the Legal Affairs Commission of the National People's Congress, the Supreme People's Procuratorate, the Supreme People's Court and other departments to improve laws and regulations, improve the risk monitoring mechanism, improve the ability of early warning and interception, and further increase the telecommunications network. Fraud and defraud the return of funds, and earnestly protect the "money bag" of the people.