In daily life, readers may often hear the words "money laundering" and "terrorist financing", or often receive anti money laundering and anti terrorist financing warning messages, but many people may not know what they are and their impact on us.

In this issue, Huaneng Guicheng Trust takes us to understand the hazards of money laundering and terrorist financing, and learn how to prevent these risks, protect the people's own rights and interests, and avoid becoming accomplices and victims of money laundering and terrorist financing crimes.

First, let's understand what money laundering and terrorist financing are. Money laundering refers to the process of making illegal gains seem legitimate through a series of complex operations. To put it simply, it is to clean the "dirty money". Terrorist financing refers to the act of raising funds for terrorist activities. These illegal activities not only contribute to crime and terrorism, but also seriously undermine social fairness and stability. In order to combat money laundering and terrorist financing, our country has a special regulatory agency, such as the People's Bank of China.

So, is money laundering and terrorist financing far away from ordinary people? The money laundering and terrorist financing activities we learned from film and television works may be that criminals collect domestic gambling funds through overseas casinos, and then remit gambling funds overseas through underground banks to achieve the purpose of money laundering, which seems far away from our daily life. In fact, they are right beside us. Illegal elements conduct money laundering and terrorist financing through various means, such as using the accounts of relatives and friends to transfer money, participating in online fraud or illegal investment activities. Therefore, each of us needs to be vigilant and guard against these risks.

In order to more intuitively feel the money laundering and terrorist financing criminal activities around us, let's take a look at several cases.

Lao Ma took advantage of his position to provide help to the company controlled by Xu, and received 1 million yuan from Xu, which was used to purchase financial products. After the financial management expired, Lao Ma's younger brother used his bank account to receive 1.09 million yuan of the above principal and income from Lao Ma for business activities. In the same period, Lao Ma took advantage of his position to help the company controlled by Zhao and received cash of $80000 from Zhao. Lao Ma gave the dollars to his brother, who later deposited the money in his bank account for 16 times and used it for investment and wealth management. Lao Ma and his younger brother used financial products to launder money, which has seriously violated the law and has finally been severely punished by the law.

Xiao Zhang is an ordinary office worker. One day he saw an advertisement on the Internet, claiming that he could get high returns by participating in some financial investment activities. Little Zhang was so excited that he transferred money according to the instructions on the advertisement. However, he soon found that this was a fraud, and his funds were transferred to multiple unknown accounts, which could not be recovered. After Xiao Zhang reported the case, the police found that this was a criminal gang involved in online money laundering. Although Xiao Zhang is a victim, his funds have also become a part of money laundering activities.

These cases show that money laundering does not always occur in financial giants or high net worth groups. It is hidden in our daily activities, and we may be involved because of greed, ignorance or negligence. Therefore, each of us should be vigilant, enhance legal awareness, protect our own rights and interests, and stay away from any form of illegal financial activities.

In order to prevent money laundering and terrorist financing risks, Huaneng Guicheng Trust recommends that everyone should do the following:

■ Be alert

Don't trust the temptation of strangers, and don't covet small profits. You know, there is no free lunch. Keep a clear head at all times and be alert to possible money laundering and terrorist financing risks.

■ Protect personal information

Don't disclose your ID card, bank card and other sensitive information at will. If someone asks you for this information for various reasons, you must be vigilant to avoid becoming a participant and victim of money laundering and terrorist financing.

■ Select formal financial institutions

When conducting financial transactions, select reputable banks, securities companies and other formal financial institutions. Don't choose illegal financial institutions for convenience, and avoid falling into the vortex of money laundering and terrorist financing activities.

■ Timely report suspicious behaviors

If you find an unknown transfer in your account, or someone tries to use your account for suspicious activities, you must report it to the relevant authorities in a timely manner. Only by timely discovering and reporting suspicious acts can we effectively combat money laundering and terrorist financing activities.

Tips

Finally, it needs to be emphasized that money laundering and terrorist financing activities are serious criminal acts, which seriously undermine social fairness and stability. Each of us should be vigilant to guard against these risks and build our security line together.

Source Huaneng Guicheng Trust

Edit Long Hairuo

Second instance Wang Xiaoting

Third instance Zhou Wenjun