[Guangfa Bank was fined and confiscated over 17.14 million yuan Ten illegal acts involving financial statistics, credit reporting and anti-money laundering] On September 24th, the People's Bank of China recently disclosed administrative penalty information. China Guangfa Bank was found guilty of violating financial statistics, account management, liquidation, bank card acquiring, data security, anti-counterfeiting currency and other management regulations, as well as occupying financial deposits. For 10 illegal acts, including deposits or funds, violation of credit information management regulations, failure to perform customer identification obligations as required, and failure to submit large transaction reports as required, the company was warned, had illegal gains of 16,200 yuan confiscated, and was fined 17.124 million yuan, for a total fine of approximately 17.14 million yuan. In addition, 12 relevant responsible personnel were punished at the same time, with fines ranging from 10,000 yuan to 160,000 yuan respectively, for a total fine of 560,000 yuan. Among them, Jiang from the Asset Custody Department of China Guangfa Bank was given a warning and fined 160,000 yuan for being responsible for violating bank card acquiring business management regulations.