Core Insights - The Beijing People's Procuratorate released a report on typical cases of high-quality financial prosecution, highlighting 13 cases across major financial sectors, including banking, insurance, credit, securities, and foreign exchange [1][5] - A significant case involved illegal foreign exchange operations using virtual currencies, showcasing the prosecutorial authority's capability to combat new types of financial crimes effectively [2][3] Financial Crime Case Summary - A criminal group utilized virtual currencies to facilitate illegal foreign exchange transactions, amassing over 1.18 billion RMB in illicit operations from January to August 2023 [2] - The group converted received RMB into Tether (USDT) through multiple accounts, enabling cross-border fund transfers while profiting from the transactions [2] - The Beijing Haidian District People's Procuratorate prosecuted the group for illegal business operations, resulting in prison sentences ranging from two to four years for the defendants [2] Evidence Collection and Legal Strategy - The Beijing procuratorial authority optimized its approach to tackle the challenges posed by the covert nature of virtual currency transactions and cross-border data collection difficulties [3][4] - A comprehensive evidence collection strategy was implemented, including technical collaboration to ensure the legality and authenticity of data from overseas virtual currency platforms [4] - The strategy involved a full-chain data verification process to accurately determine each defendant's criminal amount, establishing a solid evidence framework for sentencing [4] Ongoing Efforts in Financial Crime Prevention - The Beijing People's Procuratorate has been enhancing its efforts to address the complexities and evolving tactics of financial crimes, focusing on high-quality case handling and legal supervision [5] - Continuous research into new financial regulations and issues is being conducted to strengthen the collaborative enforcement of financial crime laws, contributing to the stability and security of the capital's economy [5]

Core Viewpoint - The article highlights the release of 13 typical cases by the Beijing People's Procuratorate, focusing on the effective prosecution of financial crimes, particularly those involving virtual currencies and illegal foreign exchange operations [1][3]. Group 1: Financial Crime Cases - A significant case involves a group using virtual currencies to illegally conduct foreign exchange transactions, with total illegal operations exceeding 1.18 billion RMB [4][6]. - The group, consisting of five members, was found to have converted received RMB into Tether (USDT) to facilitate cross-border fund transfers, effectively engaging in illegal foreign exchange activities [5][6]. Group 2: Legal Proceedings and Outcomes - On December 25, 2024, the Beijing Haidian District People's Procuratorate prosecuted the five individuals for illegal business operations, leading to prison sentences ranging from two to four years [6]. - All defendants acknowledged their guilt and did not appeal the verdict, which has since become effective [6]. Group 3: Prosecution Strategies - The Beijing Procuratorate optimized its case handling approach by enhancing collaboration with law enforcement and developing a comprehensive evidence system to tackle the challenges posed by the covert nature of virtual currency transactions [8][10]. - A strategy was implemented to ensure the legality and authenticity of evidence from overseas virtual currency platforms, addressing the complexities of cross-border financial crimes [10]. Group 4: Evidence Collection and Analysis - The prosecution adopted a "technical empowerment + standardized review" approach to construct a solid evidence chain, ensuring thorough examination of financial data and transaction processes [10]. - By analyzing the entire transaction chain from fund reception to virtual currency conversion and cross-border transfer, the prosecution was able to accurately determine the criminal amounts for each defendant, establishing a robust evidence base for sentencing [10][11].