China Merchants Bank's Lanzhou Branch Fined 380,000 Yuan for Regulatory Breaches

Deep News
Apr 15

On April 15, the Gansu Provincial Branch of the People's Bank of China issued an administrative penalty decision, imposing a fine of 380,000 yuan on the Lanzhou branch of China Merchants Bank. The penalty was levied due to violations of financial statistical management regulations and breaches of anti-money laundering rules.

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