On January 9, the administrative penalty decision disclosure form from the People's Bank of China Jinhua Municipal Branch revealed that Bank of Communications Co., Ltd. Jinhua Branch was penalized for multiple violations. The branch was found to have breached regulations concerning financial statistics, violated account management rules, failed to comply with counterfeit currency business management stipulations, infringed upon rules for the collection, provision, and inquiry of credit information, and neglected its customer identification obligations.

Consequently, the branch received a formal warning, was ordered to forfeit illegal gains amounting to 975,000 yuan, and was fined 1.0425 million yuan.

Huang (Bank of Communications Co., Ltd. Jinhua Wuzhou Sub-branch) was held accountable for the branch's violations related to credit information collection, provision, inquiry, and associated management, resulting in a personal fine of 10,000 yuan.

Chen (Personal Financial Business Department, Bank of Communications Co., Ltd. Jinhua Branch) was held responsible for the branch's failure to fulfill customer identification duties as required, leading to a personal fine of 10,000 yuan.

Serial Number, Party Name, Administrative Penalty Decision Document Number, Type of Illegal Act, Content of Administrative Penalty, Authority Making the Penalty Decision, Date of Penalty Decision, Public Disclosure Period (Calculated from the date of publication), Remarks

1, Bank of Communications Co., Ltd. Jinhua Branch, Jinyin Penalty Decision No. [2025] 26, 1. Violation of financial statistics regulations; 2. Violation of account management regulations; 3. Violation of counterfeit currency business management regulations; 4. Violation of credit information collection, provision, inquiry, and related management regulations; 5. Failure to perform customer identification obligations as required., Warning, confiscation of illegal gains of 975,000 yuan, fine of 1.0425 million yuan, People's Bank of China Jinhua Municipal Branch, December 30, 2025, Five Years

2, Huang (Bank of Communications Co., Ltd. Jinhua Wuzhou Sub-branch), Jinyin Penalty Decision No. [2025] 24, Held responsible for the following illegal acts of Bank of Communications Co., Ltd. Jinhua Branch: Violation of credit information collection, provision, inquiry, and related management regulations., Fine of 10,000 yuan, People's Bank of China Jinhua Municipal Branch, December 30, 2025, Five Years

3, Chen (Personal Financial Business Department, Bank of Communications Co., Ltd. Jinhua Branch), Jinyin Penalty Decision No. [2025] 25, Held responsible for the following illegal acts of Bank of Communications Co., Ltd. Jinhua Branch: Failure to perform customer identification obligations as required., Fine of 10,000 yuan, People's Bank of China Jinhua Municipal Branch, December 30, 2025, Five Years