China News Service, August 28. According to the website of the China Banking and Insurance Regulatory Commission, in the early stage, the China Banking and Insurance Regulatory Commission investigated and dealt with a number of violations of laws and regulations in accordance with the law. Bank) and related responsible personnel make administrative punishment decisions in accordance with the law.
In response to a number of violations of laws and regulations, such as issuing credit loans to related parties and direct return of discount funds to the drawer of bank acceptance drafts, discovered by the on-site inspection of the Agricultural Bank’s risk management and internal control effectiveness, the China Banking and Insurance Regulatory Commission fined the bank a total of 53.156 million yuan. And impose administrative penalties on relevant responsible personnel.
In response to a number of violations of laws and regulations, such as the illegal investment of wealth management funds in real estate, failure to isolate the risk of wealth management business and self-operated business, etc., the Bank and Insurance Regulatory Commission fined the bank 39.2 million yuan in accordance with the law. Administrative penalties were also imposed on relevant responsible personnel, among which one responsible personnel was prohibited from engaging in banking work for life.
The China Banking and Insurance Regulatory Commission stated that it will continue to follow the decisions and deployments of the Party Central Committee and the State Council, adhere to strict supervision in accordance with the law, and urge bancassurance institutions to strengthen compliance construction and do a good job in preventing and deflating financial risks.