The central bank punishes 15 payment agencies a day: some are habitual criminals

category:Finance
 The central bank punishes 15 payment agencies a day: some are habitual criminals


On August 6, the Central Bank branch of Hohhot Central Bank issued 15 tickets in succession. Fifteen payment institutions, including Linmen, Sino-foreign exchange, Haike Finance and Shengfutong, were fined a total of 270,000 yuan. According to the ticket, 10 institutions were fined and 6 were warned. Among them, Qianbao Technology was warned and fined 20,000 yuan.

Over the past two years, the regulation of third-party payment institutions has been steadily strengthened, and many institutions have received many central bank fines for business violations.

Fifteen institutions were fined a total of 270,000 yuan.

Recently, the Hohhot Central Branch of the Peoples Bank of China announced 15 fines for payment agencies. A total of 15 payment agencies were fined 270,000 yuan, according to the ticket. Thirteen of them were punished for violating the Regulations on the Management of Receiving Business of Bank Cards, totaling 250,000 yuan.

Among them, the Inner Mongolia Branch of Beijing Changjietong Payment Technology Co., Ltd. (hereinafter referred to as Changjietong Payment) was fined 60,000 yuan by the Central Bank for violating the Measures for the Management of Bank Card Receiving Business. It is the fine with the highest amount in this batch of penalty decisions.

In addition to expeditious payment, payment by Linmen, Sino-foreign exchange, Sheng Fu Tong, Haike Rongtong, Lebrush and Yinsheng were fined 30,000 yuan, 20,000 yuan, 10,000 yuan, 30,000 yuan, 30,000 yuan and 30,000 yuan, respectively, on the basis of violating the relevant provisions of the Measures for the Management of Bank Card Receiving Business.

Reporters noted that the Inner Mongolia Branch of Lebrush Technology Co., Ltd. was fined 30,000 yuan for violating the Measures for the Management of Bank Card Receiving Business. In fact, the company has repeatedly been punished by the central bank for irregularities in receipt of bills. Earlier, the Taiyuan Branch of the Central Bank made an administrative penalty decision on July 17, 2019. Taiyuan Branch of Lebrush Technology Co., Ltd. was ordered to make corrections within a time limit and imposed a fine of RMB 260,000 yuan in violation of relevant regulations such as Measures for the Management of Bank Card Receiving Business. In addition, from 2017 to 2018, Lebrush Technology Qingdao, Jinan and Chengdu were fined RMB 260,000 yuan. Du and Changsha Branches are all fined for the same reasons.

Tian Eye Check shows that Le Brush Technology Co., Ltd. business scope includes e-commerce, electronic payment, payment system, payment and settlement system technology development. At the beginning of its establishment, Tencent and other well-known institutions invested. The backbone of the core team came from the Tencent Finance and Payment Team. In 2014, it obtained the central bank payment license, covering mobile phone payment and national bank card receipt business.

Several payment agencies receive millions of tickets

Since 2019, the supervision of third-party payment has gone further. In addition to regulating the development of the industry through laws and regulations, the number and amount of payment tickets have also shown an upward trend.

On July 12, the Central Bank issued the highest amount of fines in the history of payment industry, and Huan Xuns total payment was punished by nearly 60 million yuan. According to public information, the sky-high price ticket of nearly 60 million yuan is not the first ticket received by Huan Xun Payment. Since its renewal in 2016, Huan Xun Payment has been punished five times by the Central Bank for violating the relevant provisions of the Anti-Money Laundering Law of the Peoples Republic of China, the Regulations on the Administration of Anti-Money Laundering and Anti-Terrorist Financing of Payment Agencies, etc., with a total amount of 61.45 million yuan.

On May 7, Huichao Payment was fined a total of 6.3 million yuan for failing to fulfill its customer identification obligations in accordance with regulations, failing to keep customer identity information in accordance with regulations, failing to submit suspicious transaction reports in accordance with regulations, and conducting transactions with unidentified customers.

Accompanying Payment Limited was fined twice in the first half of the year, a total of 7.18 million yuan. On March 1, accompanying payment was fined 5.9 million for violations such as failure to fulfill customer identification obligations, failure to keep customer identity information and transaction records, failure to submit suspicious transaction reports, trading with unidentified customers, or opening anonymous or pseudonymous accounts for customers. Less than two months later, he was fined 1.28 million yuan for violating the anti-money laundering regulations.

In addition, Yilian Payment and Online Bank were punished 3.5 million yuan and 1.78 million yuan respectively for violating the payment and settlement management regulations, the liquidation management regulations and the relevant provisions of the non-financial institutionspayment service management measures.

The number of licensed Payment institutions dropped to 237

It is worth mentioning that after one month, two Payment institutions (Xinjiang One Card Business Service Co., Ltd. and World Payment Co., Ltd.) whose license renewal has not been publicized have confirmed the suspension of business, while another is still pending.

On August 8, Xinjiang One-Card issued a notice saying that due to the expiration of the Payment Business License, the issuance and recharge of prepaid cards have been stopped since July 10, 2019, and the cardholders can normally consume in Xinjiang One-Card Special Merchants from July 15 to November 15, 2019.

In addition to the pre-paid card issuance and recharge business that has been stopped, Xinjiang One-Card said that from November 16, 2019 to November 19, 2019, the account reconciliation period will not accept any business. From November 20, 2019 to January 20, 2020, the prepaid card redemption registration business will be handled.

According to the announcement, card redemption deducts the amount of recharge of credit points given to cardholders by the company in accordance with the principle of checking registration before redemption and refund, and determines the proportion of redemption funds according to the actual reserve payment.

Tian Eye Check shows that Xinjiang One Card was granted a payment license on July 10, 2014, with a registered capital of 30 million yuan, covering only Xinjiang Uygur Autonomous Region. At present, only one local payment institution in Xinjiang Runwu holds the license of Internet payment business.

Up to now, the number of licensed Payment institutions in China has been reduced to 237.

Source: China Responsible Editor of Securities Dealers: Yang Bin_NF4368