Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens lemon_meta, refund elder brother continue to return, Mr. Aviation, Limei Happiness in Ishihara, Fang Weizi, West window for the delivery of clues about the past! Ant Group and its subsidiaries were fined 7.123 billion yuan by financial regulators today, CTOnews.com reported on July 7.

The "Securities Regulatory Commission" Wechat official account issued an article this evening that recently, in view of the illegal and illegal acts of Ant Group and its subsidiaries in corporate governance, financial consumer protection, participation in banking and insurance institutions, engaging in payment and settlement business, fulfilling anti-money laundering obligations and developing fund sales business in the past year. In accordance with the Law of the people's Bank of China, the Anti-money laundering Law, the Banking Supervision and Administration Law, the Insurance Law, the Securities Investment Fund Law, and the Consumer Rights Protection Law, the financial regulatory department imposed a fine of 7.123 billion yuan (including confiscation of illegal income) on Ant Group and its institutions. Ant Group is required to shut down the illegal "Mutual Bao" business and compensate consumers' interests in accordance with the law. In addition, in view of the problems found in previous law enforcement inspections, financial management departments have recently imposed administrative penalties on Postal savings Bank, Ping an Bank, PICC property Insurance and Tenpay Company.

CTOnews.com Note: Mutual Bao is a serious illness mutual assistance program launched in Alipay App on October 16, 2018. According to the concept of "one person gets sick, everyone shares", if eligible members encounter major diseases (99 serious diseases + malignant tumors + specific rare diseases), they can apply for a mutual subsidy of 300000 yuan or 100000 yuan, and the expenses will be shared by all members. Share the risk of serious illness. The program ceased operation 24:00 on January 28, 2022.

The Bancassurance Regulatory Commission cracked down on illegal financial activities released on the official website of the Banco Insurance Regulatory Commission on September 3, 2020. There are a large number of members of online mutual aid platforms such as naming Mutual Bao and Shuidi Mutual Assistance, which belong to unlicensed operation. The risks of stakeholders can not be ignored. Some of the pre-charging platform forms precipitated funds, and there is a risk of running away. If not handled properly and poorly managed, it may also lead to social risks.

According to the official announcement, in recent years, financial management departments have attached equal importance to development and standardization, established and improved the economic governance system of the platform, introduced a series of institutional measures, and initially formed a framework for the financial business development and supervision of platform enterprises. we will promote the standardized and healthy development of the platform economy. Since November 2020, from the point of view of strengthening supervision according to law and effectively preventing risks, financial management departments have supervised and guided large platform enterprises such as Ant Group and Tencent Group to comprehensively rectify the problems of violations of laws and regulations in their financial activities. At present, most of the outstanding problems existing in the financial business of the platform enterprises have been rectified. The focus of the work of the financial management department has shifted from promoting the centralized rectification and reform of the financial business of platform enterprises to normal supervision.

In the next step, the financial management department will fully, accurately and comprehensively implement the new development concept, strive to raise the level of regular supervision of the financial business of platform enterprises, and bring all kinds of financial activities under supervision in accordance with the law, so as to ensure that the same supervision rules are applied to similar business to achieve fair supervision. Adhere to the "two unwavering", implement financial policies and measures to promote the healthy development of the platform economy, support and encourage platform enterprises to continuously enhance financial universality, promote scientific, technological and financial innovation, enhance international financial competitiveness, and better serve the needs of the real economy and people's livelihood.

From the specific "ticket" point of view, Zhejiang Securities Supervision Bureau also issued a notice tonight, giving a warning to Ant (Hangzhou) Fund sales Co., Ltd., and imposed a fine of 73.68 million yuan.

It has been found that there are the following illegal facts in the sale of Ant Fund:

(1) violating the relevant regulations on product access, publicity and archives management of consignment funds.

Second, violating the relevant regulations on personnel management and internal control of fund sales institutions.

In addition, according to the administrative penalty information released by the people's Bank of China, Alipay (China) Network Technology Co., Ltd. was warned for violating the regulations on the management of payment accounts, confiscated 830.9141411 million yuan of illegal income and fined 2.23115389 billion yuan.

Silver penalty decision [2023] No. 26-33 shows that the main types of violations of the agency are as follows:

1. Violation of payment account management regulations

2. Violation of liquidation management regulations

3. Violation of the provisions on the prevention of new crimes committed by telecommunications networks

4. Failure to perform customer identification obligations as required

5. Conduct transactions with unidentified customers

6. violate the regulations on the protection and management of consumer financial information

7. Violating the regulations on the protection and management of the rights and interests of financial consumers.

Another piece of administrative penalty information released by the people's Bank of China shows that Ant Science and Technology Group Co., Ltd. was fined 175 million yuan by the people's Bank of China for violating relevant regulations on corporate governance and related party transactions.

Ant Science and Technology Group Co., Ltd. was confiscated 1.1297762 billion yuan of illegal income, fined 2.6327044 billion yuan and confiscated a total of 3.7624806 billion yuan, according to the official website of the State Administration of Financial Supervision and Administration.

The main facts of violation of laws and regulations (case by):

First, it infringes upon the legitimate rights and interests of consumers. Including: the existence of misleading financial marketing publicity behavior, infringement of consumers' right to know; failure to express repayment requirements to some customer groups; failure to deal with some consumer personal information in accordance with the regulations.

The second is to participate in the business activities of banking and insurance institutions in violation of regulations. Including: illegal participation in insurance agents, insurance brokerage business; illegal participation in the sale of personal old-age security management products, bank wealth management products, Internet deposit products.

Related readings:

"Ant Group responded with a fine of 7.123 billion yuan: sincere acceptance and firm obedience."

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