Xinjiang Rural Commercial Bank's Changji Branch Fined 1.16 Million Yuan for Regulatory Breaches

Deep News
02/14

On February 14, the People's Bank of China Changji Hui Autonomous Prefecture Branch disclosed administrative penalties against Xinjiang Rural Commercial Bank Co., Ltd. Changji Central Sub-branch. The branch was found to have violated anti-money laundering regulations, payment and settlement management rules, and credit information management requirements. It received a formal warning and was fined 1.16 million yuan.

According to the penalty decision document, the violations included failures in complying with anti-money laundering controls, breaches in payment settlement oversight, and non-compliance with credit reporting regulations. The penalty was issued by the People's Bank of China Changji Hui Autonomous Prefecture Branch on February 5, 2026, and will remain publicly disclosed for a period of five years.

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