Sanxiang *** December 25 (Quan** reporter Pan Xianxuan) On December 20, the Hunan branch of the People's Bank of China announced a number of administrative penalties, Jiupai Tianxia Payment *** hereinafter referred to as Jiupai Pay) was given a warning and fined 208 for 7 illegal acts such as insufficient monitoring of suspicious transactions and alteration of transaction information50,000 yuan.
According to the administrative punishment information, the illegal acts involved in Jiupai Pay include: failure to implement the real-name management of special merchants in accordance with regulations;The special merchant of the prepaid card unit shall use the personal bank settlement account as the acquiring settlement account;Failure to implement payment account management in accordance with regulations;Suspicious transaction monitoring is not in place;Alteration of transaction information;Failure to comply with customer identification obligations;Failure to submit suspicious transaction reports as required.
Accordingly, the Hunan Branch of the People's Bank of China issued a warning to Jiupai Pay and fined it 20850,000 yuan. At the same time, the three persons in charge of the risk control center, channel department, and compliance department of Jiupai Payment were fined a total of 1050,000 yuan.
According to public information, Jiupai Pay was established on August 1, 2011 with a registered capital of 100 million yuan and is headquartered in Changsha, Hunan. The legal representative of the company is Chen Xinlei, Jiaxing Jiayuan Information Technology holds 70% of the company's shares, and Eagle Emperor Business Technology holds 30% of the shares. In June 2012, the company obtained the "Payment Business License", including Internet payment, mobile payment, prepaid card issuance and acceptance (Hunan Province, Beijing City, Shanghai City), and was approved to obtain the ** payment and settlement license in 2015.
The reporter noticed that Jiupai Pay has been fined for illegal acts many times in recent years. In September 2018, Jiupai Pay was fined 486 by the Changsha Central Branch of the People's Bank of China for violating relevant regulations on payment and settlement and anti-money launderingA fine of 60,000 yuan. In December 2019, Jiupai Pay was fined 147 by the Changsha Central Branch of the People's Bank of China for 9 illegal acts, including directly or indirectly providing payment services for illegal transactions and false transactions60,000 yuan.