ICBC Yangquan Branch Fined 344,400 Yuan for Providing False Statistical Data

Deep News12-25 13:10

On December 25, financial authorities disclosed that the Yangquan branch of the Industrial and Commercial Bank of China Limited (ICBC) was fined 344,400 yuan and issued a warning for multiple violations. The penalties were imposed by the People's Bank of China (PBOC) Yangquan branch for the following infractions:

1. Providing false or misleading statistical reports by concealing key facts. 2. Failing to report the closure of corporate settlement accounts to the PBOC within two working days. 3. Inaccurate reporting of personal credit information.

The penalties underscore regulatory scrutiny over compliance in financial data reporting and account management.

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