Two departments jointly deploy a new round of crackdown on illegal crimes involving "black and gray" industries in the financial sector

On April 2nd, the Ministry of Public Security’s Economic Crime Investigation Bureau and the State Financial Supervision and Administration Bureau’s Inspection Bureau held a video conference to jointly deploy a new round of crackdown on illegal criminal groups in the financial sector involved in “black and gray” industries, further rectify chaos caused by illegal financial intermediaries, resolutely maintain financial regulatory order, effectively protect the legitimate rights and interests of financial consumers, and strive to safeguard high-quality financial development with a high level of security. The meeting emphasized the need to improve the effectiveness of crackdowns, deeply investigate criminal chains and criminal gangs, develop targeted strategies for different categories, extend efforts to target the behind-the-scenes masterminds controlling the crimes, and ensure new breakthroughs in cluster operations. It is necessary to focus on key targets, including illegal deposit and loan intermediaries, illegal online lending platforms and lending assistance agencies, illegal insurance agency intermediaries, and illegal credit card “anti-collection” intermediaries, and explore innovative strategies, new approaches, and new methods for crackdown and governance. Strengthening departmental cooperation, police cooperation, and regional collaboration is essential, along with further improving long-term mechanisms such as tip-off reporting, to ensure thorough and comprehensive enforcement. Strictly handle cases according to law, promote both crackdown and governance, increase publicity on prevention, and raise public awareness of risk prevention. (CCTV News)