Qinghai Huangyuan Rural Commercial Bank Fined 688,000 Yuan for Regulatory Breaches

Deep News
02/14

On February 14, the Qinghai branch of the People's Bank of China issued an administrative penalty decision, imposing a fine of 688,000 yuan on Qinghai Huangyuan Rural Commercial Bank Co., Ltd. The bank was penalized for violations related to financial statistics, payment and settlement, currency and precious metals, and anti-money laundering regulations. In addition to the monetary penalty, the bank received a formal warning.

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