PSBC's Xinyu Branch Fined 364,700 Yuan for Regulatory Breaches

Deep News
02/28

The People's Bank of China Xinyu branch disclosed an administrative penalty notice revealing that the Xinyu branch of Postal Savings Bank Of China Co.,Ltd. has been fined 364,700 yuan and issued a warning. The penalties were imposed for violations including non-compliance with financial statistics regulations, breaches of payment and settlement business management rules, failure to adhere to financial technology management requirements, and inadequate customer due diligence procedures.

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