PSBC's Liupanshui Branch Fined 575,000 Yuan for AML Control Failures

Deep News
04/01

On April 1, the Liupanshui branch of the People's Bank of China issued an administrative penalty decision showing that Postal Savings Bank Of China Co.,Ltd.'s Liupanshui branch was fined 575,000 yuan. The penalty was imposed due to the branch's failure to implement corresponding anti-money laundering risk management measures for high-risk scenarios as required by regulations.

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