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Audit Office: Some financial regulators use virtual currency to hide the source of funds

According to surging news, recently, the National Audit Office was commissioned by the State Council to report to the Standing Committee of the National People's Congress on the audit of the implementation of the central budget and other fiscal revenue and expenditure in 2023. According to the report, as far as the financial sector is concerned, there are situations where taking policy dividends hinders the implementation of policies and measures. Some enterprises take advantage of national ecological protection, high-tech industries and other support policies to collude with government officials to obtain business rights in violation of regulations, or cheat financial subsidies by fraud, seriously eroding the dividends of national policies. With the intensification of anti-corruption efforts, corruption acts such as information technology and regulatory loopholes have become more hidden, and new types of corruption and hidden corruption have begun to emerge. For example, a department-level cadre of the financial supervision department used his position influence to support specific private enterprises to enhance the competitiveness of the industry for a long time, collect huge amounts of money and equity, and hide the transfer sources of private enterprises through "technical processing" such as first withdrawal and then deposit at the same outlet, borrowing relatives' bank accounts, and virtual currency transactions, showing typical technical characteristics.