All posts tagged "CITIC Bank"
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833ChinaFormer Citic Bank Exec Sentenced to 15 Years’ Jail for Bribery
The conviction is said to be linked to a criminal case involving the head of a Citic Group asset management subsidiary.
September 27, 2020 -
453AML / KYCICAC Charges Two in Bribery Scheme to Circumvent China Capital Controls
A former CITIC branch manager accepted over HK$1mn in commissions for referring 6 bank clients to a money exchange company to remit money from the Mainland to Hong Kong.
December 19, 2019 -
608Capital RegulationPBOC Sets Out Beijing Penalties for Deposit Reserve Violations
Draft measures from the PBOC set out four types of penalties Beijing-based financial institutions must pay when their deposit reserves fall below statutory requirements.
July 24, 2019 -
1.0KChinaChina Banking Regulator Fines Six Banks a Combined $22mn
The CBIRC has fined six banks a combined 156.3 million yuan for breaching rules on wealth management products, lending, and misleading advertising.
December 10, 2018 -
765Fintech / RegtechJP Morgan Blockchain-based Payments Platform Gains Traction
The Interbank Information Network (IIN) now has 76 participating banks; it seeks to use blockchain tech to reduce the time correspondent banks spend responding to inquiries that delay payments.
October 1, 2018
