On December 4, the People's Bank of China Guangxi Zhuang Autonomous Region Branch disclosed a number of fines for third-party payment institutions.
Among them, Guiyin Penalty Decision No. 2023 No. 12 shows that the Guangxi branch of Lakala Payment Co., Ltd. was fined 30,000 yuan for failing to accurately identify and send complete transaction information.
Guiyin Penalty Decision No. 2023 No. 13 shows: Fujian Guotong Xingyi Network Technology *** Guangxi Branch was fined 30,000 yuan for failing to accurately identify and send transaction information completely.
Previously, according to the information released on the official website of the Fuzhou Central Branch of the Central Bank of the People's Republic of China, Fujian Guotong Xingyi Network Technology *** hereinafter referred to as "Guotong Xingyi") suffered a "double penalty" from the central bank. Specifically, Guotong Xingyi was warned and confiscated 401 of illegal income for the illegal act of "providing T+0 acquiring services for special merchants who do not meet the conditions".990,000 yuan and a fine of 500,000 yuan.
At the same time, Lin Fang, who was the director of the liquidation risk control center of Guotong Xingyi at the time, was responsible for the company's above-mentioned illegal acts, was warned by the central bank, and was fined 50,000 yuan. Based on this calculation, excluding the fines of management personnel, Guotong Xingyi was fined nearly 4.52 million yuan in total.
At the beginning of 2021, Guotong Xingyi was given a warning and fined nearly 70 million yuan by the central bank for 12 violations of laws and regulations. Among the 12 violations, it includes "providing T+0 fund settlement services for unqualified customers".
Guiyin Penalty Decision No. 2023 No. 14 shows: Jialian Payment*** Guangxi Branch was fined 30,000 yuan for failing to accurately identify and send transaction information completely.
On November 3, Jialian Pay was just fined. According to the administrative punishment information released by the Shenzhen Branch of the People's Bank of China, Jialian Payment*** was warned by the Shenzhen Branch of the People's Bank of China and confiscated illegal gains for violating the liquidation management regulations, violating the merchant management regulations, and failing to carry out due diligence on the outsourcing service provider9519 yuan, a fine of 2.99 million yuan, a total fine of nearly 4 million yuan.
At the same time, Shi Moudong, then general manager of Jialian Pay***, was warned by the Shenzhen Branch of the People's Bank of China and fined 160,000 yuan for being responsible for Jialian Pay's violation of liquidation management regulations and merchant management regulations.
Guiyin Penalty Decision No. 2023 No. 15 shows that the Guangxi Branch of Shande Payment Network Service Development *** was fined 30,000 yuan for failing to accurately identify and send transaction information completely.
In October 2018, Shande Pay was given a warning by the Shanghai Branch of the People's Bank of China for violating the payment business regulations, and the illegal income of 668 was confiscated350,000 yuan, imposed a fine of 1804990,000 yuan, a total of 2,473 confiscated330,000 yuan, and the relevant responsible person of the company was also given a warning and fined.
On September 21, 2020, the Taiyuan Central Branch of the People's Bank of China fined Shande Shanxi Branch 22650,000 yuan, and its violations were as many as 5 violations, including failure to perform customer identification obligations in accordance with regulations;Transactions with unidentified clients;Failure to strictly review the authenticity of the application materials of the special merchants;Localized operation and management are not in place, and cross-provincial acquiring business is carried outFailure to implement the settlement account management system of the acquiring bank.
In August 2021, Shande Pay was given a warning by the Shanghai Branch of the People's Bank of China for violating merchant management regulations, liquidation management regulations, account management regulations, and trading with unidentified customers, ordered to make corrections within a time limit, and confiscated RMB 33,961 of illegal gains09 yuan, and imposed a fine of RMB 8.86 million, with a total of RMB 8,893,96109 yuan.
Guiyin Penalty Decision Zi 2023 No. 11 shows: Modern Financial Holdings (Chengdu) *Guangxi Branch, 1Failure to implement the requirements for the management of the real-name system for special merchants in accordance with regulations;2.Failure to set up an acquiring bank settlement account as required. was fined 20,000 yuan.
Previously, the administrative penalty information released by the Hubei Branch of the People's Bank of China pointed to Modern Financial Holdings (Chengdu)** Hubei Branch (hereinafter referred to as "Modern Financial Holdings").
According to the fine, Hyundai Financial Holding Hubei Branch was warned by the People's Bank of China and confiscated about 640,000 yuan, a fine of 600,000 yuan.
At the same time, Zhu Jianguo, then general manager of Hyundai Financial Holdings' Hubei branch, was responsible for the above illegal acts and was warned by the central bank and fined 60,000 yuan.
In July 2022, Hyundai Financial Holdings was warned and fined 368 by the central bank for 6 violations50,000 yuan, and confiscation of illegal gains 13720,000 yuan.
In April 2022, Hyundai Financial Holding Hebei Branch was involved in 4 violations and was fined 1.04 million yuan.
In January 2021, Hyundai Financial Holding Shanxi Branch was fined 200,000 yuan for failing to fulfill customer identification obligations as required, and the relevant person in charge was fined 10,000 yuan.
In mid-2018, Hyundai Financial received six fines. Hyundai Financial Holdings' Henan Branch, Anhui Branch, Gansu Branch, and Jiangxi Branch were all ordered to make corrections and fined by the PBOC for violating the Measures for the Administration of Bank Card Acquiring Management and the Measures for the Administration of Payment Services for Non-Financial Institutions.
Guiyin Penalty Decision No. 2023 No. 16 shows that Minfu Technology was fined 4.78 million yuan for failing to settle funds in accordance with regulations.
On January 19, 2022, the relevant personnel of the Beihai Municipal Public Security Bureau organized a symposium on the rectification of payment loopholes in Minpay Technology*** hereinafter referred to as "Minpay") at the Anti-Fraud Center of the Municipal Bureau.
At the meeting, the relevant person in charge of Minpay made a report on the rectification of the seven payment and settlement business loopholes raised by the Municipal Joint Office when the company was interviewed on January 14, 2022. The article does not mention the specific problems of the seven payment and settlement business vulnerabilities. Recently, the central bank has not publicly issued fines related to Minfu.
In 2020, Minfu was fined 1.37 million yuan by the central bank for 9 violations and confiscated 1 of illegal gainsMore than 90,000 yuan, and the person in charge at the time was fined 430,000 yuan to 50,000 yuan. According to the fine, the types of violations include providing payment and settlement services for illegal transactions in disguise.