Ping An Bank's Hohhot Branch Fined 1.2975 Million Yuan for Multiple Regulatory Violations

Deep News06-18

The People's Bank of China's Inner Mongolia Autonomous Region branch has issued an administrative penalty decision against Ping An Bank Co.,Ltd.'s Hohhot branch.

The decision outlines that the branch was found to have breached several financial regulations. These violations include contravening financial statistics management rules, payment and settlement management rules, anti-money laundering regulations, and counterfeit currency business management rules.

In response to these identified violations, the People's Bank of China's Inner Mongolia Autonomous Region branch has issued a formal warning to the branch and imposed a financial penalty totaling 1.2975 million yuan.

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