ICBC Taian Branch Fined 640,500 Yuan for Regulatory Breaches

Deep News
02/26

On February 26, the Taian City branch of the People's Bank of China published administrative penalty information showing that Industrial And Commercial Bank Of China Limited's Taian branch was warned and fined 640,500 yuan. The penalties were issued for violations including non-compliance with financial statistical regulations, breaches of account management rules, failure to adhere to renminbi circulation management requirements, and not conducting customer due diligence as required.

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