What are the penalties for multiple banks that illegally conduct money laundering operations?

Many banks have illegally conducted money laundering operations, and these banks have been fined.

In fact, as early as April 30 this year, the Anti-Money Laundering Bureau of the People's Bank of China released the "Overall Situation of the Anti-Money Laundering Supervision and Management Work of the People's Bank of China in 2019", which showed that in 2019 In 2016, the People's Bank of China carried out 658 special anti-money laundering law enforcement inspections and 1,086 comprehensive law enforcement inspections containing anti-money laundering content throughout the system, punishing 525 non-compliant institutions with a fine of 202 million yuan, and punishing 838 individuals with a fine of 13.41 million yuan. , the total fines were 215 million yuan, a year-on-year increase of 13.7%. Among them, 1,321 banking institutions were inspected, and 422 institutions were punished for violating regulations, with a fine of 144 million yuan. 690 individuals were fined with a fine of 9.57 million yuan, and the total fine was 154 million yuan. It is an area hardest hit by anti-money laundering.

During the subsequent two sessions, many National People’s Congress deputies put forward anti-money laundering suggestions. For example, Zhang Zhifu, president of the Nanchang Central Branch of the Central Bank of China, said that the revision of the Anti-Money Laundering Law should be accelerated, and in Highlight the pertinence in the revision. Zhang Zhifu also said: “We need to comprehensively revise the Anti-Money Laundering Law as soon as possible based on international standards and domestic practice.” In addition, with the profound changes in the anti-money laundering situation at home and abroad, the Anti-Money Laundering Law and the Criminal Law "There are also certain deficiencies in the supporting coordination of laws such as " The revision of the Anti-Money Laundering Law should also be coordinated with other laws. It is worth mentioning that Yang Xiaoping, the former president of the Kunming Central Branch of the Central Bank, expressed the objective need to revise the Anti-Money Laundering Law and the Criminal Law and establish and improve relevant supporting laws and regulations to prevent financial risks.

However, just some time ago, several major banks were punished for being involved in money laundering:

The first one is the Wuxi Branch of the Agricultural Bank of China. The bank was warned and fined 500,000 yuan for violating liquidation management regulations.

The second one is Ping An Bank Nantong Branch. The bank was warned and fined 544,000 yuan because it failed to fulfill its customer identification obligations as required; the counterfeit currency collection procedures were non-compliant; and it failed to submit account information and handle settlement business as required. At the same time, the relevant persons in charge, Cui Hengguo and Chu Feifei, were fined respectively. 20,000 yuan.

The third one is the Nanjing Branch of the Agricultural Bank of China. The bank was warned and fined 565,000 yuan for violating account management regulations, failing to strictly implement the real-name system for personal deposit accounts, and handling withdrawals in violation of regulations.

The fourth one is the Agricultural Bank of China Suzhou Branch. The bank was warned and fined 800,000 yuan for failing to strictly implement the real-name account management and transfer management regulations and violating account management regulations.

The fifth one is Suzhou Bank Suqian Branch. The bank was warned and fined 410,000 yuan for providing statistical statements that were inconsistent with the actual situation; failing to perform customer identification obligations as required; and failing to submit account information as required. At the same time, the relevant persons in charge, Wang Haiyun and Fei Yunbo, were fined 1 RMB each. Ten thousand yuan

In short, the above five banks have been punished by the Anti-Money Laundering Bureau of the People's Bank of China for violating relevant regulations and conducting money laundering operations. This shows that supervision is still very strong.