China: The Crime of Embezzlement and Bribery — Weapons against Money Launderers
| DOI | https://doi.org/10.1108/eb027134 |
| Date | 01 February 1997 |
| Published date | 01 February 1997 |
| Pages | 171-177 |
| Author | Ye Feng |
| Subject Matter | Accounting & finance |
Journal of Money Laundering Control — Vol. 1 No. 2 — Ye Feng
China: The Crime of Embezzlement and Bribery —
Weapons against Money Launderers
Ye Feng
THE CURRENT SITUATION
The crime of embezzlement and bribery is a wide-
spread crime in the present-day world. It impairs
the property relationship protected by the law and
the reputation of state organs and personnel. The
party in power and the government in China have
always persisted in fighting corruption and build-
ing clean and honest government and concentrated
on using legal weapons to fight the crime of
embezzlement and bribery resolutely. In recent
years,
China has made tremendous gains in fight-
ing this crime. For 17 years, from 1979 to 1995,
the Chinese procuratorial organs investigated and
dealt with more than 458,000 cases of embezzle-
ment and bribery. Meanwhile, it should be recog-
nised that the crime is still a serious problem
which hinders China's great cause of reform and
opening up to the outside world. In particular,
during the period of the transition from the old
economic structure to the new one, the crime of
embezzlement and bribery in this country shows
many new characteristics. The major manifesta-
tions of the crime are listed below.
1.
Cases of embezzlement and bribery account
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