On February 14, the Shandong branch of the People's Bank of China published an administrative penalty decision revealing that Bank of Communications Co., Ltd. Shandong Branch has been penalized for multiple regulatory violations. The branch received a warning and a public reprimand, along with a fine of 1.742 million yuan.

The specific violations include: 1. Breaching financial statistical regulations; 2. Violating account management rules; 3. Failing to comply with data security management requirements; 4. Infringing upon renminbi circulation regulations; 5. Misappropriating fiscal funds; 6. Breaching rules related to the provision of credit information; 7. Failing to conduct customer due diligence as required; 8. Not reporting suspicious transactions in accordance with regulations; 9. Providing services and conducting transactions for unidentified clients.

The penalty was issued by the Shandong branch of the People's Bank of China under decision number Lu Yin Fa Jue Zi [2026] No. 2, dated February 9, 2026. The information will remain publicly available for a period of three years.