China: The Crime of Embezzlement and Bribery — Weapons against Money Launderers

Abstract

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 building 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 fighting this crime. For 17 years, from 1979 to 1995, the Chinese procuratorial organs investigated and dealt with more than 458,000 cases of embezzlement and bribery. Meanwhile, it should be recognised 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 manifestations of the crime are listed below.

Citation

Feng, Y. (1997), "China: The Crime of Embezzlement and Bribery — Weapons against Money Launderers", Journal of Money Laundering Control, Vol. 1 No. 2, pp. 171-177. https://doi.org/10.1108/eb027134