On December 20, Huaxia Bank received two fines in a row, which were punished by the Changji Supervision Branch and the Taizhou Supervision Branch of the State Financial Supervision and Administration respectively.
According to public information, Huaxia Bank Co., Ltd. Changji Hui Autonomous Prefecture Branch was fined 300,000 yuan by the Changji Supervision Branch of the State Financial Supervision and Administration for "inadequate post-loan management and misappropriation of credit funds".
On the same day, Huaxia Bank Co., Ltd. Taizhou Branch was fined 300,000 yuan by the Taizhou Supervision Branch of the State Financial Supervision and Administration for "imprudent development of letter of credit business".
Since the beginning of this year, he has been fined more than 20 million yuan
Bread Finance found that, according to incomplete statistics, since the beginning of this year, Huaxia Bank and its branches have been punished by the regulatory authorities many times, and have received more than 20 fines, with a cumulative penalty of more than 20 million yuan, of which 5 fines have been fined more than 1 million yuan.
On September 27, 2023, Huaxia Bank Co., Ltd. *** Xiamen Branch was fined 2.8 million yuan by the Xiamen Supervision Bureau of the State Administration of Financial Supervision and Administration. The main facts of the violation were: "Inaccurate risk classification;Corrective measures are not in place;The compliance review of the bill business margin is not strict;Inflated Deposit Loans;The "three checks" of loans are not in place". At the same time, the then deputy general manager of the bank's key customer department, the vice president of Siming sub-branch, and four account managers were all warned.
On November 15, Huaxia Bank Co., Ltd. Hangzhou Branch was warned by the Zhejiang Branch of the State Administration of Foreign Exchange and fined 234450,000 yuan, of which the fine amount is 1.39 million yuan, and 95 are confiscated450,000 yuan. The main facts of the violation are: "violating the regulations on handling foreign exchange settlement business, handling the receipt and payment of funds under the current account, failing to conduct a reasonable review of the authenticity of the transaction documents and their consistency with foreign exchange receipts and payments, and violating the regulations on the administration of foreign exchange registration".
On August 11, Huaxia Bank Co., Ltd. *** Nanchang Branch was warned by the Nanchang Central Branch of the People's Bank of China and fined 19850,000 yuan. Main offenses: "1. .Failure to comply with customer identification obligations;2.Failure to submit suspicious transaction reports as required;3.Transactions with unidentified clients;4.Counterfeit money was found and not collected;5.Lack of professional ability of cash practitioners to judge and pick counterfeit money;6.Violating provisions on the collection, provision, and inquiry of credit information, as well as related management provisions;7.Failure to strictly implement the approval procedures for the authorization of the use of consumer financial information;8.Misleading marketing campaigns;9.Underreporting of complaint data".
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