Hubei Tongcheng Rural Commercial Bank Fined 415,000 Yuan for Regulatory Breaches
Deep News
Feb 26
On February 26, the Xianning branch of the People's Bank of China disclosed administrative penalties, revealing that Hubei Tongcheng Rural Commercial Bank Co., Ltd. has been fined 415,000 yuan and issued a warning. The penalties were imposed for violations including breaches of financial statistical management regulations, non-compliance with account management rules, misappropriation of fiscal deposits or funds, providing services and conducting transactions for unidentified clients, and failure to adhere to financial technology management requirements.
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