Disputes within the Bank of China

2065438+On July 9, 2004, CCTV exposed China Bank's blatant fraud and money laundering, saying that China Bank colluded with immigration agents to help customers forge money laundering. Regardless of the source of funds, customers can be helped to flow out of the country. The staff of a branch of China Bank said that it was actually to help you launder money.

According to CCTV, China Bank will charge a considerable handling fee for banks to exchange foreign exchange, which is about three thousandths to four thousandths, equivalent to an expensive exchange rate. China Bank broke through the control to help the problem fund escape and open an external account, which was suspected of breaking the law.

The incident led to a decline in bank shares across the board. The H shares of Bank of China plunged by more than 2% in the afternoon, and are now quoted at HK$ 3.5, down 2.5 1%. Agricultural Bank of China fell 2.5%, while ICBC and CCB both fell more than 1%.

Bank of China's response

2065438+On July 9, 2004, BOC stated that in the course of business handling, relevant branches have formulated strict business operation procedures in accordance with relevant regulatory provisions and anti-money laundering requirements, and have unified and clear handling standards for the certification materials of the use and source of funds, and the business methods and operation procedures have been reported to relevant regulatory authorities in advance. When handling, the business materials are reviewed one by one, and each business is submitted to the supervision business system, which better prevents business risks. The "underground money houses" and "money laundering" mentioned in the report are inconsistent with the facts.