( September 18, 2025, 09:11 GMT | Official Statement) -- MLex Summary: The Haiyan Rural Commercial Bank in Zhejiang Province was fined 1.58 million yuan ($220,000) and issued a warning by the People’s Bank of China’s Jiaxing branch, according to a recently released administrative penalty notice. The violations included breaches of cybersecurity and data-protection rules, improper handling of credit information and failures related to antimoney-laundering compliance. A person identified as Yang, who was then a deputy general manager of the bank’s compliance and risk department, was separately fined 41,000 yuan for neglecting oversight of the bank in the antimoney-laundering violations.Attached, in Chinese, please find the administrative penalty notice: ...
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