On March 6, according to an administrative penalty notice issued by the People's Bank of China Pingxiang Branch, Pingxiang Rural Commercial Bank Co., Ltd. was penalized for multiple violations. These included breaches of financial statistical regulations, non-compliance with account management rules, failure to conduct proper customer due diligence, violations of anti-counterfeit currency business regulations, misappropriation of fiscal deposits or funds, and breaches in credit information collection, provision, inquiry, and related management requirements. The bank received a formal warning and was fined 994,300 yuan.
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