Zhuhai Rural Commercial Bank Fined 450,000 Yuan for Inadequate Account Due Diligence

Deep News
06/03

On June 3, financial authorities imposed a penalty of 450,000 yuan on Zhuhai Rural Commercial Bank Co., Ltd. The penalty was issued by the People's Bank of China Zhuhai Branch.

The bank was found to have conducted insufficient due diligence on customer accounts, leading to the financial penalty.

The administrative penalty decision was formally documented and carries an effective period of three years from the date of issuance.

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