The State Administration of Foreign Exchange (SAFE) and the Ministry of Public Security (MPS) has jointly held the third Deployment and Promotion Meeting in 2016 against underground banks. The two authorities have been closely collaborating and cooperating with each other to organize the crackdowns on underground banks. By tracking the foreign exchange irregularities behind underground banks, they have cracked many illicit trading of foreign exchange, and fabricated trading of foreign exchange through fake documents for cheated purchases, evasion and frauds of foreign exchange. Both authorities said that they will always maintain a tough stance on crimes such as underground banks, and rectify foreign exchange administration order so as to safeguard economic and financial security.