Postal Savings Bank of China

According to 36Kr, the People's Bank of China issued Regulatory Punishment Decision No. 2026-88 against Postal Savings Bank of China, issuing a warning and public notice, confiscating 290.2 yuan of illegal gains, and fining 17,433,000 yuan. The violations include breaches of financial statistics, account management, card acquiring, data security, anti-counterfeiting measures, and issues such as occupying government deposits, failing to perform customer identity verification, not reporting large or suspicious transactions, and dealing with unidentified customers.