Zhongxin Finance, April 2 (Shao Wanyun) Recently, the Shenzhen Central Sub-branch of the People's Bank of China issued an administrative penalty announcement, showing that Yinsheng Payment Service Co., Ltd. was fined RMB 22.45 million for four illegal acts.
The chairman bears direct responsibility and was fined 449,000 yuan.
Screenshot from the central bank website
According to the public statement, Yinsheng Payment’s illegal acts are as follows: failure to perform customer identification obligations as required; failure to preserve customer identity information and transaction records as required; failure to submit large-value transaction reports or suspicious transaction reports as required; customers to trade.
This is not the first time the industry has paid a tens of millions of fines this year.
Earlier, Wanda Group Holding’s Kuaiqian Payment was fined RMB 10.04 million by the Shanghai Branch of the People’s Bank of China for violating account management regulations, violating clearing management regulations, failing to perform customer identification obligations as required, and trading with unidentified customers. Correction within a time limit.
At the same time, the two executives were also fined 35,000 yuan and 85,000 yuan respectively.
Yinsheng Payment is already a frequent visitor to fines
This is not the first time that Yinsheng Payment has been fined this year.
In the Administrative Penalty Information Publicity Form released by the Qingdao Central Sub-branch of the Central Bank on January 7, Yinsheng Payment was ordered to rectify within a time limit due to the irregular setting of the settlement account of the acquiring bank; multiple access to the network for the same merchant and assignment of different merchant numbers were ordered and fined 90,000 yuan.
Zhongxin Finance found in the public announcement of administrative punishment of the Shenzhen Central Sub-branch of the Central Bank that as early as 2018, Yinsheng Payment received more than 10 million fines.
On August 6, 2018, the Shenzhen Central Sub-branch of the Central Bank issued a warning to Yinsheng Payment for violating the payment and settlement management regulations, confiscated more than 9.341 million yuan of illegal income, and imposed a fine of more than 13.136 million yuan, with a total fine of more than 22.477 million yuan. The person in charge of risk control who was directly responsible for the company was warned and fined a total of 1.3 million yuan.
In recent years, Yinsheng Payment can be regarded as a "regular customer" in the central bank's fines. In addition to large fines of tens of millions of yuan, Yinsheng Payment has also "taken" a lot of fines ranging from tens of thousands to millions of yuan.
According to incomplete statistics from China-Singapore Finance and Economics, since 2017, Yinsheng Payment has received nearly 20 fines.
In December 2017, Yinsheng paid the Fujian branch a fine of 1.4 million yuan and a fine of 135,000 yuan to one responsible person.
In December 2018, Xiamen Branch was fined RMB 580,000, and a senior management-related responsible person was fined RMB 30,000.
In November 2019, the Hebei branch was fined 1.68 million yuan for violating the bank card acquiring business management regulations.
In March 2020, the Chongqing branch was fined 1.39 million yuan; in July, the Ningbo branch was fined 5.35 million yuan, and the four responsible persons were fined a total of 270,000 yuan.
According to the official website of Yinsheng Payment, Yinsheng Payment was established in 2009 and successfully renewed its payment license in 2016, allowing it to engage in Internet payment, mobile phone payment, and bank card acquiring services nationwide.
The business covers the whole country, serving more than 4 million merchants, covering the RV industry, communication industry, fast-moving consumer goods industry, manufacturing industry, retail and wholesale, catering industry, logistics and distribution, insurance companies and other industries.
In 2016, Yinsheng Payment was selected as "China's 500 Most Valuable Brands" with a brand value of 4.376 billion yuan.
Strong supervision! Anti-money laundering penalties continue to strengthen
Article 32 of the "Anti-Money Laundering Law of the People's Republic of China" stipulates that financial institutions have failed to perform customer identification obligations in accordance with regulations; failed to keep customer identification materials and transaction records in accordance with regulations; failed to submit large-value transaction reports or suspicious transactions in accordance with regulations Those who report any of the seven acts shall be fined not less than 200,000 yuan but not more than 500,000 yuan, and the directly responsible directors, senior managers and other directly responsible personnel shall be fined not less than 10,000 yuan but not more than 50,000 yuan.
In recent years, anti-money laundering fines issued by regulatory authorities against financial institutions have emerged one after another.
Zhongxin Finance has sorted out the 2018-2020 China Anti-Money Laundering Annual Report released by the Central Bank. On the basis of continuous "strong supervision" in recent years, anti-money laundering law enforcement inspections have increased year by year.
In 2018, the entire system of the People's Bank of China was punished according to law for violations of anti-money laundering regulations, with a total fine of 166 million yuan; in 2019, the total amount of fines was 215 million yuan; in 2020, the amount of fines was 526 million yuan.
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