Financials Nov 28, 2021 08:48 AM (GMT+8) · EqualOcean
Cailian news agency, Nov. 28 - recently, the Shenzhen Branch of the State Administration of foreign exchange issued a number of administrative punishment decisions, including TenPay Payment Technology Co., Ltd., the main operator of wechat payment, and Shenzhen Rural Commercial Bank Co., Ltd. According to the political punishment decision document, TenPay violated the relevant provisions because it failed to submit relevant materials as required, carried out foreign exchange business beyond the scope of registration, failed to handle foreign exchange sales business as required, and failed to collect necessary information as required. The Shenzhen Branch of the State Administration of Foreign Exchange decided to order correction, give a warning, confiscate the illegal income of RMB 2000 and impose a fine of RMB 2.78 million.

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