PSBC Guangdong Branch Fined 1.74 Million Yuan for Violating Payment Settlement, Fintech, and Anti-Money Laundering Regulations

Deep News11-21

On November 21, the Guangdong Branch of the People's Bank of China (PBOC) issued a penalty notice against Postal Savings Bank of China (PSBC) Guangdong Branch for violating regulations related to payment settlement, fintech, currency management, treasury operations, and anti-money laundering. The bank received a warning and was fined 1,736,350 yuan, with an additional confiscation of illegal gains amounting to 29,032.83 yuan, bringing the total penalty to 1,765,382.83 yuan.

Mai Ben, then head of the personal finance department at PSBC Guangdong Branch, was held accountable for the following anti-money laundering violations: 1. Failure to properly conduct customer risk classification, adjustment, and review as required. 2. Failure to implement enhanced due diligence measures for high-risk customers. Mai was fined 15,000 yuan for these breaches.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1131260198?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-21 14:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1131260198","market":"hk","top_or_hot":-1,"title":"PSBC Guangdong Branch Fined 1.74 Million Yuan for Violating Payment Settlement, Fintech, and Anti-Money Laundering Regulations","media":"Deep News","content":"<p>On November 21, the Guangdong Branch of the People's Bank of China (PBOC) issued a penalty notice against Postal Savings Bank of China (PSBC) Guangdong Branch for violating regulations related to payment settlement, fintech, currency management, treasury operations, and anti-money laundering. The bank received a warning and was fined 1,736,350 yuan, with an additional confiscation of illegal gains amounting to 29,032.83 yuan, bringing the total penalty to 1,765,382.83 yuan.</p>\n<p>Mai Ben, then head of the personal finance department at PSBC Guangdong Branch, was held accountable for the following anti-money laundering violations:  \n1. Failure to properly conduct customer risk classification, adjustment, and review as required.  \n2. Failure to implement enhanced due diligence measures for high-risk customers.  \nMai was fined 15,000 yuan for these breaches.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PSBC Guangdong Branch Fined 1.74 Million Yuan for Violating Payment Settlement, Fintech, and Anti-Money Laundering Regulations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPSBC Guangdong Branch Fined 1.74 Million Yuan for Violating Payment Settlement, Fintech, and Anti-Money Laundering Regulations\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2025-11-21 14:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>On November 21, the Guangdong Branch of the People's Bank of China (PBOC) issued a penalty notice against Postal Savings Bank of China (PSBC) Guangdong Branch for violating regulations related to payment settlement, fintech, currency management, treasury operations, and anti-money laundering. The bank received a warning and was fined 1,736,350 yuan, with an additional confiscation of illegal gains amounting to 29,032.83 yuan, bringing the total penalty to 1,765,382.83 yuan.</p>\n<p>Mai Ben, then head of the personal finance department at PSBC Guangdong Branch, was held accountable for the following anti-money laundering violations:  \n1. Failure to properly conduct customer risk classification, adjustment, and review as required.  \n2. Failure to implement enhanced due diligence measures for high-risk customers.  \nMai was fined 15,000 yuan for these breaches.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0359202008.SGD","symbol_name":"Blackrock China Fund A2 SGD-H","start_time":0,"source_url":"","article_id":"1131260198","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1131260198","pubTimestamp":1763707222,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"On November 21, the Guangdong Branch of the People's Bank of China (PBOC) issued a penalty notice against Postal Savings Bank of China (PSBC) Guangdong Branch for violating regulations related to...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"168701":"金融科技","399699":"金融科技","601658":"邮储银行","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","03143":"华夏香港银行股","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","BK0278":"货币金融","LU1046422090.SGD":"Fidelity Pacific A-SGD","LU0405327494.USD":"ALLSPRING CHINA A FOCUS \"I\" (USD) ACC","BK1231":"综合性银行","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","LU0359201612.USD":"贝莱德中国基金A2","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","LU0196878994.USD":"MANULIFE GF CHINA VALUE \"AA\" (USD) INC","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","01658":"邮储银行","BK1560":"内银股","LU0405327148.USD":"ALLSPRING CHINA A FOCUS \"A\" (USD) ACC"},"translate_title":"违反支付结算、金融科技、反洗钱规定，邮储银行广东省分行被罚174万元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"168701":1,"399699":1,"601658":1,"01658":1,"03143":1},"content_text":"On November 21, the Guangdong Branch of the People's Bank of China (PBOC) issued a penalty notice against Postal Savings Bank of China (PSBC) Guangdong Branch for violating regulations related to payment settlement, fintech, currency management, treasury operations, and anti-money laundering. The bank received a warning and was fined 1,736,350 yuan, with an additional confiscation of illegal gains amounting to 29,032.83 yuan, bringing the total penalty to 1,765,382.83 yuan.\nMai Ben, then head of the personal finance department at PSBC Guangdong Branch, was held accountable for the following anti-money laundering violations:  \n1. Failure to properly conduct customer risk classification, adjustment, and review as required.  \n2. Failure to implement enhanced due diligence measures for high-risk customers.  \nMai was fined 15,000 yuan for these breaches.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1131260198","isCrawlerRequest":true}