According to the People's Bank of China's administrative penalty announcement, Bank of Communications Co., Ltd. was given a warning, confiscated 239,800 yuan of illegal proceeds, and fined 678.343 million yuan. Types of offenses: 1. Violation of account management regulations; 2. Violation of liquidation management regulations; 3. Violation of regulations governing the real name system for authorized merchants; 4. Violation of anti-counterfeit currency business regulations; 5. Pressure on financial deposits or funds; 6. Violation of treasury account settings and use regulations; 7. Violation of credit information collection, provision, inquiry and related management regulations; 8. Failure to fulfill customer identification obligations in accordance with regulations; 9. Failure to keep customer identification data and transaction records in accordance with regulations; 10. Failure to submit large transaction reports or suspicious transaction reports in accordance with regulations; 11. Transactions with unidentified customers Or open an anonymous account or pseudonym account for the customer. The administrative penalty decision will be issued on December 10, 2025.

According to the People's Bank of China's administrative penalty announcement, Bank of Communications Co., Ltd. was given a warning, confiscated 239,800 yuan of illegal proceeds, and fined 678.343 million yuan. Types of offenses: 1. Violation of account management regulations; 2. Violation of liquidation management regulations; 3. Violation of regulations governing the real name system for authorized merchants; 4. Violation of anti-counterfeit currency business regulations; 5. Pressure on financial deposits or funds; 6. Violation of treasury account settings and use regulations; 7. Violation of credit information collection, provision, inquiry and related management regulations; 8. Failure to fulfill customer identification obligations in accordance with regulations; 9. Failure to keep customer identification data and transaction records in accordance with regulations; 10. Failure to submit large transaction reports or suspicious transaction reports in accordance with regulations; 11. Transactions with unidentified customers Or open an anonymous account or pseudonym account for the customer. The administrative penalty decision will be issued on December 10, 2025.