Gelonghui, Feb. 20 | According to fines disclosed on the website of the China Financial Supervisory Administration, the Beijing branch of Shanghai Pudong Development Bank was fined a total of 1.5 million yuan by the Beijing Supervisory Authority of the China Financial Supervisory Authority due to major flaws in cash sorting outsourcing risk management, negligence in the supervision and inspection of cash sorting outsourcing activities, and serious carelessness in cash management activities.
因现金清分外包风险管控存在重大缺陷等，浦发银行北京分行被罚150万元
SPD Bank Beijing Branch was fined 1.5 million yuan due to major flaws in cash sorting outsourcing risk management and control
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