Network financial crime refers to the behavior that occurs in the process of network financial activities, violates financial management laws and regulations, undermines financial management order, and should be punished according to law. For example, crimes such as illegal issuance of financial tickets, fund-raising fraud, bill fraud, letter of credit fraud, etc. committed by using the Internet are network financial crimes.

legal ground

Article 188 of the Criminal Law of People's Republic of China (PRC)

Staff of banks or other financial institutions who issue letters of credit or other guarantees, bills, certificates of deposit and credit certificates for others in violation of regulations, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years.

Article 200

Where a unit commits the crimes specified in Articles 192, 194 and 195 of this section, it shall be fined, and the persons who are directly in charge and other persons who are directly responsible shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention and may also be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years and shall also be fined; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment and shall also be fined.