Xin Lang Cai Jing·2026-02-14 08:31Core Viewpoint - The People's Bank of China, Shandong Branch, has imposed administrative penalties on the Shandong Branch of Bank of Communications for various violations, resulting in a warning, public criticism, and a fine of 1.742 million yuan [1][2]. Summary by Categories Violations - The Shandong Branch of Bank of Communications violated financial statistical regulations [2][3]. - The bank also breached account management regulations [2][4]. - Data security management regulations were not adhered to by the bank [2][6]. - The bank violated regulations regarding the circulation of Renminbi [2][6]. - The bank was found to have occupied fiscal funds [2][6]. - There were violations related to the provision of credit information [2][6]. - The bank failed to conduct customer due diligence as required [2][6]. - The bank did not report suspicious transactions as mandated [2][6]. - Services were provided to unidentified clients, and transactions were conducted with them [2][6].