The People’s Bank of China (PBOC) issued administrative penalty decision No.
[2026]88, warning, publicly rebuking and financing Postal Savings Bank of China
Co., Ltd. 17.433 million yuan and confiscating illegal gains of 290.2 yuan. The
penalty cites violations including breaches of financial-statistics and
account-management rules, deficiencies in bank-card acquisition and data security,
lapses in anti-counterfeit-currency controls, improperly withholding fiscal
deposits or funds, failure to perform required customer identity checks (KYC),
failure to file large-value or suspicious transaction reports, and transactions
with unidentified customers.
