Since last year, the Chinese government has comprehensively strengthened control over the purchase and export of foreign exchange.
Since July 1, 2017, the "measures for the Management of Financial institutions' large Trading and suspicious transaction reports" officially landed, marking the end of a brief period of easing that China had previously enjoyed as a result of the rebound in foreign exchange reserves.
In order to circumvent safe supervision, many people have developed three ways of moving ants:
The same person draws more than 5 times from the same foreign exchange savings account US $10,000 or more in foreign currency within 7 days;
The same person transfers his foreign exchange savings account to the account of more than five immediate family members;
After the purchase of foreign exchange by 5 or more different persons on the same day / next day / many consecutive days, the foreign exchange will be transferred to the same person or organization outside the country.
Under the background of the unstable political and economic situation and the raging trade war between China and the United States, most of the Chinese who are in demand for remittance abroad are worried that China will further strengthen its foreign exchange control.
Originally let people rest assured that the ants moved the way was also notified by the safe roll!
In order to severely crack down on this prohibited illegal exchange of foreign exchange, safe has issued three consecutive articles!
July 24: safe severely investigated and dealt with foreign exchange violations!
August 16: the State Administration of Foreign Exchange on foreign exchange violations reported!
August 31: foreign Exchange Administration's circular on foreign exchange perimeter!
The last two articles criticized 27 typical cases of foreign exchange violations.
A maximum fine of six hundred thousand RMB!
And limit within two years can not remit any money.
This has led many people to look at the regulations for the Management of Financial institutions' large transactions and suspicious transaction reports, promulgated on July 1, last year (hereinafter referred to as the "regulations").
Although I thought it would be more stringent monitoring, but I did not think that the strength of such a great!
Not long ago, a Chengdu family sent tens of thousands of US dollars to foreign countries on the Internet, which was called by the safe to refuse, and the foreign exchange that had been purchased in US dollars was even returned to RMB. It seems that safe and grass-roots banks have begun to strictly enforce the regulations and strengthen foreign exchange controls on ordinary people.
In the article "safe strictly investigates and deals with foreign exchange violations and maintains a healthy and healthy order in the foreign exchange market" (hereinafter referred to as "order") published in advance, safe gives the data:
In the first half of 2018, 1354 cases of foreign exchange violations were investigated and punished, with fines amounting to 345 million yuan, up 19.7 percent and 59.5 percent respectively from the same period last year. Among them, 455 cases were investigated and dealt with by financial institutions, 340 cases by enterprises and 559 cases by individuals.
At the same time, the article also said: "to maintain the stability, continuity and consistency of foreign exchange administrative law enforcement across the cycle, severely crack down on false, fraudulent trading and illegal arbitrage, and other funds" off-to-earth "behavior, and severely crack down on underground banks. Illegal foreign exchange trading platforms and other illegal activities, to maintain a healthy and healthy foreign exchange market order, to maintain national economic and financial security. "
Next, in this paper, the Administration of Foreign Exchange stresses once again "the stability, continuity and consistency of cross-cyclical enforcement of foreign exchange enforcement".
In other words, the foreign exchange control will be as strict as ever.
Since then, the State Administration of Foreign Exchange has a haircut, the State Administration of Foreign Exchange on cases of Foreign Exchange violations (hereinafter referred to as the "Circular").
This is also the second time since 2018 that safe has reported typical cases of China's foreign exchange violations.
Reporting and criticizing cases of irregularities is a routine practice for safe, and the announcement is no exception, so it should not be overinterpreted. However, the typical cases selected in this paper, especially those related to individual violators, still have important warning value to the Chinese who need to send money abroad.
A total of 27 cases of violations were collected, and 4 cases were individual violations.
Among them, "case 24", "case 25" related to illegal foreign exchange transactions, "case 26" related to third-party platform foreign exchange purchases, "case 27" related to "split foreign exchange evasion".
These three types of cases, in fact, point to some of the most commonly used Chinese remittance methods-underground banks, black market transactions, ants moving, and so on.
Ant moving is the illegal method of foreign exchange purchase that almost every Chinese living abroad has heard of, contacted, or even tried.
In the era of relatively loose foreign exchange controls, it is true that many Chinese have transferred assets by splitting remittances and even bought homes overseas.
But at the moment, it is clear that the ants have become the target of the safe's strict crackdown.
The announcement said safe and Chinese foreign exchange clearly defined the behavior of ants moving!
The designated bank regards "more than five different individuals buying foreign exchange separately on the same day, next day or many consecutive days, then remitting foreign exchange to the same person or institution abroad" as a split purchase of foreign exchange, that is, ants moving.
At the same time, it is also illegal for other individuals to split and sell foreign exchange through multi-person and multi-frequency limit management.
In other words, ants can move through more people to avoid the risk of being audited, but now different, as long as the unsafe indicators are met, no matter how many people involved, will be punished in accordance with the law. Light circumstances do not handle business, serious are facing fines and other penalties.
For example, in case 27, which was reviewed in the bulletin,
From January 2016 to December 2017, Mr. Zhao, a North Korean citizen, was from January 2016 to December 2017. Using the annual quota of 55 individuals to purchase foreign exchange, personal assets will be split into foreign exchange and remitted to an offshore account. The illegal transfer of funds will amount to 2.4531 million US dollars.
This act violates Article 7 of the measures for the Administration of individual Foreign Exchange and constitutes an act of evasion of foreign exchange. According to Article 39 of the regulations on Foreign Exchange Administration, a fine of 1.16 million yuan shall be imposed. "
Zhao's foreign exchange purchase time span of up to two years, obviously not in a certain period of time concentrated remittance, but is still being "targeted" by safe. It can be seen that safe for individual foreign exchange violations of the intensity of the investigation and handling of strong.
In addition, the notice also criticized a number of missed banks for fines. This means that China not only imposes strict restrictions on individual foreign exchange purchases, but also requires grass-roots banks to strictly enforce rules when dealing with foreign exchange matters, or they may cause themselves trouble.
The two mobile payment giants Alipay and WeChat Tenpay have also been criticized and fined. This means that third-party payers cannot go deep into the tightly controlled foreign exchange business, and Alipay, once a bullish Alipay, has been completely blocked by the way WeChat transfers to foreign exchange.
So people who are still fantasizing about ants moving, wake up in time, in strict regulation now, every time in the bank remittance will be forced to fill in the remittance requirements.
If the request is unreasonable, it will be rejected directly by the bank.
Forced choice of illegal exchange of foreign exchange, not only the account will be banned for 2-5 years, but also will be severely punished … the loss outweighs the gain!