Currency offenders to face charges of illegal business

Serious offenders involved in illegal trading of foreign currencies will be charged with the crime of illegal business operations, according to a recent judicial explanation issued by the Supreme People's Court and Supreme People's Procuratorate.

Illegal trading of foreign currencies not only refers to the illegal exchange of Chinese currency with foreign currencies within China but also the illegal transfer of money across the border, the judicial explanation said.

The explanation aims to cope with the evolution of crimes involving foreign currencies, the SPC and SPP said in a statement.