Involved in ten illegal activities including violations of financial statistics regulations, Zhongyuan Bank was fined 8.84M yuan.

Recently, the Henan Branch of the People’s Bank of China disclosed administrative penalty decision information showing that Zhongyuan Bank Co., Ltd. was involved in the following violations: 1. Violating financial statistical regulations; 2. Violating account management regulations; 3. Violating cybersecurity management regulations; 4. Violating anti-counterfeit currency business management regulations; 5. Violating renminbi circulation management regulations; 6. Violating credit information collection, provision, inquiry, and related management regulations; 7. Failing to conduct customer due diligence as required; 8. Failing to report large transactions as required; 9. Failing to report suspicious transactions as required; 10. Failing to establish and improve anti-money laundering internal control systems and standards as required, was warned by the Henan Branch of the People’s Bank of China and fined 8.8437 million yuan, with the administrative penalty decision made on April 27, 2026.

(People’s Bank of China)

(Editor: Qian Xiaorui)

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