Credit card fraud under Chinese criminal law |
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Authors: | Mingxiang Liu |
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Institution: | 1. School of Law, Renmin University of China, Beijing, 100872, China
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Abstract: | Credit card fraud is a new type of fraud amended into the Criminal Law of China in 1997. The “credit card” under credit card fraud is interpreted as a very board concept, which includes debit card and
virtually all electronic payment cards used in ordinary payment, credit loan, transfer and settlement of account, cash deposit
and withdrawal. Therefore, it is necessary for the legislature to revise “credit card” under this special fraud into “electronic
payment card,” and “credit card fraud” into “electronic payment card fraud,” which will be understood easily and precisely.
“Use” and “fraudulent use” of credit card under this fraud is defined as ordinary use of credit card, including withdrawal
cash with authentic or forged credit card from ATMs. It is unreasonable to define “malicious overdraft” as a form of credit
card fraud under the Chinese Criminal Law. In the future amendment, this kind of criminal conduct shall be separated as independent
named as “malicious overdraft” or “abuse of credit card” under the Criminal Law with less stiff statutory punishment than
that of credit card fraud. Besides, under the Chinese Criminal Law, stealing credit card and using it is held as “theft,”
which is neither reasonable nor logical. Therefore, it should be revised in the future criminal law. |
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