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Tangshan Fengnan Shunfeng Village and Township Bank fined 110,000 yuan for violations of payment settlement and other regulations
Blue Whale News, February 25 — Recently, the Tangshan Branch of the People’s Bank of China published an administrative penalty decision notice targeting Tangshan Fengnan Shunfeng Village Bank Co., Ltd.
The penalty states that the bank’s main violations are related to violations of payment settlement, financial technology, and anti-money laundering regulations.
In response to these violations, the Tangshan Branch of the People’s Bank of China issued a warning and fined 110,000 yuan.