Government and Policy

Law fine-tuned against terror financing

Updated: 2010-05-18 22:38
Large Medium Small

BEIJING - China Tuesday outlined the prosecution standards for the crime of financing terrorism in a new regulation promulgated by the Supreme People's Procuratorate and the Ministry of Public Security.

The regulation outlined prosecution standards for 86 economic crimes.

Related readings:
Law fine-tuned against terror financing Crackdown on money laundering intensifies
Law fine-tuned against terror financing BOC denies supporting terrorists
Law fine-tuned against terror financing China vows to fight against money laundering

Huang Jingping, law professor at Renmin University, said the new regulation is a judicial interpretation, further specifying crimes related to terror financing and drawing a clear-cut line between criminal and non-criminal acts.

The regulation defined "financing" as offering monetary or in kind assistance to terrorists, or providing venues for terrorist activities.

The financing of terrorism was criminalized in 2001 with penalties of up to five years imprisonment, fines and confiscation of property.

China joined the United Nations' International Convention for the Suppression of Financing for Terrorism in April 2006.