( June 8, 2026, 09:27 GMT | Official Statement) -- MLex Summary: NetEase Pay, the payments arm of Chinese gaming and internet company NetEase, was fined 2.2 million yuan ($323,529) and issued a warning by the Zhejiang branch of China's central bank over violations related to data security, account management, payment clearing and customer due diligence, according to a notice disclosed on June 8. The penalty decision was issued on June 2. Two employees were also fined for their roles in the violations, including a technology executive surnamed Yu, who was penalized 45,000 yuan over data-security lapses, and an anti-money laundering executive, who was fined 24,000 yuan for failures in customer due diligence.Statement is attached (in Chinese). ...
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