China Everbright Bank Fined 1.21 Million Yuan for Failures in Customer Identification and Transaction Reporting

Deep News10-16 22:00

On October 16, according to financial frontline news, the central bank's administrative penalty decisions numbered Yin Fa Jue Zi [2026] No. 59-62 show that China Everbright Bank Company Limited (SSE: 601818) was fined 1.21 million yuan for failing to perform customer identity verification obligations as required and for failing to submit large-value transaction reports or suspicious transaction reports as required.

Liao Moulun (Digital Finance/Cloud Life Business Unit of China Everbright Bank Company Limited) and Yu Mouyi (Legal Compliance Department and Anti-Money Laundering Management Center of China Everbright Bank Company Limited) were held responsible for the failure to perform customer identity verification obligations as required and the failure to submit large-value transaction reports or suspicious transaction reports as required, and were each fined 40,000 yuan.

Su Mouyu (Operations Management Department of China Everbright Bank Company Limited) was held responsible for the failure to perform customer identity verification obligations as required and was fined 10,000 yuan.

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