Surging reporters found that in the first six months of this year, all branches of the central bank issued a total of five fines with a fine of more than 10 million yuan for third-party payment institutions , And the highest fine in history has been refreshed twice, the companies involved are Shangyinxin Payment Service Co., Ltd., Yinyingtong Payment Co., Ltd., Kailiantong Payment Service Co., Ltd., Shenzhen Ruiyinxin Information Technology Co., Ltd. and Beijing Sina Payment Technology Co., Ltd. the company.
Of the five tickets, four were issued by the Central Bank’s Beijing Operations Management Department and the other was issued by the Central Bank’s Shenzhen Center branch.
In terms of the amount, Shangyinxin Payment Service Co., Ltd. received the first payment institution fine of more than 100 million yuan in history.
On April 30th, the administrative penalty information publicity issued by the Central Bank’s Beijing Business Management Department revealed that Shangyinxin Payment Service Co., Ltd. was warned to confiscate the illegal income of 5009.097471 million Yuan, and imposed a fine of 65.88694167 million yuan, a total of 115.791.638 million yuan was confiscated.
Shangyinxin Payment Service Co., Ltd., established in Beijing in September 2007, obtained a third-party payment license in 2012. Current business types include prepaid card issuance and acceptance (Beijing, Guangdong, Qinghai), Internet payment (nationwide). The types of illegal activities involved in this penalty of Shangyinxin include unauthorized suspension of payment business, misappropriation of reserve funds, disguised lending of prepaid card issuance and acceptance qualification, failure to carry out centralized deposit reserve deposits; failure to set up special merchants according to regulations Bank settlement account; the real name system of special merchants is not strictly implemented, and there are merchants with false data; the situation of disposing the transfer payment interface of special merchants is not found in time; the payment settlement service is provided directly for illegal fund-raising platforms; violation of T+0 capital settlement service management regulations, etc. A total of sixteen items.
The second largest payment institution fine in the first half of the year belongs to Shenzhen UBS Information Technology Co., Ltd.
Shenzhen UBS Information Technology Co., Ltd. in March this year, because it exceeded the scope of approved business, failed to establish relevant system measures or risk management measures according to regulations, and failed to perform customer identity according to regulations Identifying obligations, conducting transactions with unidentified customers, and failing to submit suspicious transaction reports as required, were fined by the Central Bank Shenzhen Center Sub-branch with RMB 62.14 million. This also created the largest fine for third-party payment institutions at the timerecording.
Not only that, the penalties announced by the Hangzhou Central Branch of the Central Bank in January this year showed that Shenzhen Ruiyinxin Information Technology Co., Ltd. Zhejiang Branch was given a warning for violation of liquidation management regulations. , Confiscated the illegal income of 5.0277 million yuan, and imposed a fine of 4.994 million yuan, and the total amount of fines and confiscations was RMB 1.00223 million. The date of this penalty is December 31, 2019.
Yinyingtong Payment Co., Ltd. and Kailiantong Payment Service Co., Ltd. who received the fine on January 17 this year, were the earliest to receive the payment of tens of millions of fines this year. Institutions, and the central bank’s Beijing operations department’s reasons for issuing fines are also very close.
Among them, China Unicom failed to fulfill its customer identification obligations, failed to fulfill its customer identification data and transaction record keeping obligations, provided services for unidentified customers or Instead of conducting transactions and failing to submit suspicious transaction reports in accordance with the regulations, a total fine of 9.44 million yuan was imposed in accordance with the relevant regulations; in addition, violations of the liquidation management regulations and non-financial institution payment service management regulations, the total fine was approximately 13.8 million yuan. A total of about 23.24 million yuan was fined for the opening of China Unicom.
Yin Yingtong was fined RMB 2.71 million for failing to fulfill its customer identification obligations, and failing to fulfill its customer identification information and transaction record keeping obligations. In addition, due to violations of liquidation management regulations and non-financial institution payment service management regulations, the total fines were approximately 15.19 million yuan. This time Yinyingtong was fined about 17.9 million yuan.
The latest tens of millions of fines issued by a payment institution belong to Beijing Sina Payment Technology Co., Ltd. Due to the failure to implement the management responsibilities of the special merchants and the failure to manage customer reserve funds in accordance with the provisions, a total of 9 illegal acts were confiscated by the Beijing Banking Administration Department of the central bank for a total of 16.588648 million yuan.
Not only the company itself, the central bank’s fines are also aimed at company executives.
A total of 10 of the above five fined payment institutions were responsible for the company’s illegal activities and received a fine from the central bank.
From the standpoint of the central bank, the normalization of strict supervision of third-party payment institutions will continue.
The central bank will pay in 2020During the deployment of this year’s work, the teleconference for settlement work stated that it is necessary to adhere to the problem orientation, improve the governance mechanism, and adhere to the normalization of strict supervision; focus on turning crises into opportunities, encouraging innovation, maintaining fair competition, and promoting the healthy and sustainable development of the payment industry; Strengthen precision strikes, crack down on cross-border gambling and telecommunications network fraud and other illegal and criminal activities, strictly abide by the bottom line of fund security, and pay attention to risk prevention and control in the payment field.