Bank of Tianjin's Chengdu Branch Fined 3.8 Million Yuan for Regulatory Breaches
Deep News
Jul 17
The Chengdu branch of Bank of Tianjin Co., Ltd. has been issued a substantial financial penalty for contravening account management regulations.
Information from the administrative penalty decision disclosure of the People's Bank of China Sichuan Provincial Branch shows the branch was fined 3,798,400 yuan.
In addition, three individuals from the branch's business department were held personally accountable for the breach. A Mr. Liu was fined 120,000 yuan, a Mr. Zhou was fined 110,000 yuan, and Zhu Mochao was fined 30,000 yuan for their direct responsibility in the violation.
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.