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ECNS Wire

Court-bank cooperation to facilitate execution of judgment

1
2015-12-21 16:56Ecns.cn Editor: Wang Fan

法院将与全国所有银行对接 被执行人存款无处藏身

近日,官方发布的一则通知明确,各银行业金融机构总行应当在2015年12月底前通过最高人民法院与中国银行业监督管理委员会之间的专线完成本单位与最高人民法院的网络对接工作;2016年2月底前网络查控功能上线。

(ECNS) -- Courts in China are set to establish online links with all banks and financial institutes to better trace hidden assets and dramatically improve the execution of judgments.

A circular issued by the Supreme People's Court and China Banking Regulatory Commission confirms that courts will be authorized to check, freeze, or conduct financial transactions related to the accounts of any person convicted.

Work to prepare more than 4,000 banks and financial institutes to be part of the scheme is scheduled to be finished by the end of February. Upon completion, a judge will be able to access the financial information of any person subjected to prosecution and take legal action against the person's assets with a click of a mouse.

An insider said cooperation will greatly improve the efficiency of judicial decision making and also save costs. In the past, those convicted often hide personal assets in other banks and delayed paying creditors. 

During a trial period that started in October 2014, more than 3,000 courts in 30 provinces used their connections with some 21 national banks and financial institutes to access and control the personal assets of those subjected to court procedures.

  

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