According to the administrative penalty decision information disclosure from the People's Bank of China Zhejiang Branch on October 11th, Zhejiang Chun'an Rural Commercial Bank Co., Ltd. has been fined 1.35 million yuan for failing to report large transaction reports or suspicious transaction reports as required and conducting transactions with clients of unknown identity.

Additionally, Wang Mouyun (former Deputy General Manager of the Accounting Operations Department at Zhejiang Chun'an Rural Commercial Bank Co., Ltd.) was held responsible for the bank's violation of failing to report large transaction reports or suspicious transaction reports as required, and was fined 27,500 yuan. Fang Moujie (former Deputy General Manager of the Retail Finance Department at Zhejiang Chun'an Rural Commercial Bank Co., Ltd.) and Ying Mouyan (former General Manager of the Retail Finance Department at Zhejiang Chun'an Rural Commercial Bank Co., Ltd.) were held responsible for the bank's violation of conducting transactions with clients of unknown identity, and were each fined 10,000 yuan.