A total of more than 75 million fines were confiscated!Bank of China and other institutions were fin

Mondo Education Updated on 2024-01-19

Author丨Bian Wanli.

Editor丨Zeng Fang.

On December 1, the central bank announced fines for Bank of China, Huifu, Rongbao and 22 relevant responsible persons, with a cumulative fine of more than 75 million.

Bank of China was warned by the central bank and confiscated illegal gains for violating 12 regulations on account management, liquidation management, merchant management, and reserve management.37340315 million yuan, a fine of 366420,000 yuan. At the same time, 18 relevant responsible persons were punished, with fines ranging from 10,000 to 3850,000. It is worth noting that among the individuals who were punished, there were not only department general managers, deputy general managers, but also product managers and account managers.

Shanghai Huifu Payment *** hereinafter referred to as Huifu Payment Co., Ltd.), was warned by the central bank and confiscated illegal gains for violating 9 regulations, including institutional management, merchant management, clearing management, account management, etc., as well as failing to perform customer identification obligations, failing to keep customer identity information and transaction records as required, failing to submit large-value transaction reports or suspicious transaction reports as required, conducting transactions with unidentified customers, and violating 9 regulations on financial marketing and publicity management502553 million yuan, a fine of 3172367323 million yuan. In addition, the person in charge of its aggregate payment business and the president of the company were affected by this and were fined 100,000 yuan and 11 yuan respectively50,000 yuan.

Tianjin Rongbao Payment Network*** hereinafter referred to as Rongbao Payment), was warned by the central bank and confiscated illegal gains for violating account management, merchant management regulations, and liquidation management regulations, as well as failing to perform customer identification obligations as required, failing to keep customer identity information and transaction records as required, and failing to submit large-value transaction reports or suspicious transaction reports as required39555252 million yuan and fined 3.22 million yuan. In addition, its sales director and executive deputy general manager were affected by this and were fined 650,000 yuan, 1050,000 yuan.

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This issue is edited by Liu Xiang.

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