China Net Finance, January 31 (Reporter An Ran Zhu Ling) Recently, the Beijing Branch of the People's Bank of China issued administrative punishment publicity information, UnionPay Commerce, Qian Baobao and other four licensed payment institutions received fines from the central bank for violations of laws and regulations.
According to the administrative penalty decision, Beijing UnionPay Commerce***Beijing Digital Wangfujing Technology***Beijing Money Bag Payment Technology*** Asset and Credit Electronic Payment*** Four payment institutions have violated laws and regulations, and the Beijing Branch of the People's Bank of China imposed fines ranging from 10,000 yuan to 100,000 yuan respectively.
It is worth mentioning that the reasons for the fines of the above four institutions are all "violation of account management regulations". Wang Pengbo, a senior analyst at Broadcom Consulting, said that anti-money laundering and merchant management have always been the hardest hit areas of punishment, and institutions should still pay attention to the management of accounts and payment channels to plug possible loopholes from the root.
Judging from the amount of fines, the nature of the violation is not particularly serious, but payment institutions still need to pay attention, and compliance has become a top priority, especially the Regulations on the Supervision and Administration of Non-bank Payment Institutions will be officially implemented in May 2024. Wang Pengbo said.
According to the reporter's incomplete statistics, as of January 31, the amount of fines and confiscations imposed by payment institutions during the year has exceeded 3.6 million yuan.
Editor in charge: Zhu He).