Bank of Communications Xinjiang Branch fined 2.456 million yuan for violations of payment and settlement management regulations, among other issues

2026-02-28 22:22:43

Blue Whale News, February 28 — Recently, the People’s Bank of China Xinjiang Uygur Autonomous Region Branch issued a penalty notice targeting the Xinjiang Uygur Autonomous Region Branch of Bank of Communications Co., Ltd.

The penalty notice states that the main violations by the Xinjiang Uygur Autonomous Region Branch of Bank of Communications Co., Ltd. include: violations of payment and settlement business management regulations; violations of financial statistics management regulations; violations of credit reporting management regulations; and violations of treasury business management regulations.

In response to these violations, the People’s Bank of China Xinjiang Uygur Autonomous Region Branch issued a warning, confiscated illegal gains of 134,745.98 yuan, and fined 2.456 million yuan; a fine of 10,000 yuan was also imposed on Guo Mouyan (Retail Credit Business Department).

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