On November 21, the Guangdong Branch of the People's Bank of China (PBOC) issued a penalty notice against Postal Savings Bank of China (PSBC) Guangdong Branch for violating regulations related to payment settlement, fintech, currency management, treasury operations, and anti-money laundering. The bank received a warning and was fined 1,736,350 yuan, with an additional confiscation of illegal gains amounting to 29,032.83 yuan, bringing the total penalty to 1,765,382.83 yuan.

Mai Ben, then head of the personal finance department at PSBC Guangdong Branch, was held accountable for the following anti-money laundering violations: 1. Failure to properly conduct customer risk classification, adjustment, and review as required. 2. Failure to implement enhanced due diligence measures for high-risk customers. Mai was fined 15,000 yuan for these breaches.