The Ministry of Public Security (MPS) has dispatched two
liaisons to the banking watchdog to curb potential crimes in the
sector.
The China Banking Regulatory Commission (CBRC) announced earlier
this year that fraud and crime in banking had dropped 62 percent in
the first half of 2007.
The commission said the number of cases involving more than one
million yuan (US$135,354) each dropped by 76 in the first six
months. This prevented 1.36 billion yuan in loss, down 60 percent
over the same period last year.
During the time, an increasing number of major crimes were
occurring where individuals were taking advantage of loopholes in
the banking management system, rather than violent robberies on the
street.
A Public Security Ministry official said the dispatch of the
liaison personnel would "facilitate crackdown on financial crimes
and enhance deterrence against criminals".
(Xinhua News Agency December 5, 2007)