Lu'an Bank Penalized

Recently, the Anhui Branch of the People’s Bank of China released administrative penalty information. Anhui Lu’an Shucheng Rural Commercial Bank Co., Ltd. was warned and fined 127.6k yuan.

Party involved’s name (name, position): Anhui Shucheng Rural Commercial Bank Co., Ltd.

Administrative penalty decision document number: Lu Yin Penalty Decision [2026] No. 1

Type of illegal conduct: Violating account management regulations; violating regulations on the management of anti-counterfeit currency business; occupying fiscal funds; providing personal adverse information without notifying the information subject in advance; failing to carry out customer due diligence in accordance with regulations; failing to report suspicious transactions in accordance with regulations.

Administrative penalty content: Warning and a fine of 127.6k yuan

Name of the administrative penalty decision-making authority: Branch of the People’s Bank of China in Lu’an City

Tianyancha information shows that Anhui Shucheng Rural Commercial Bank Co., Ltd. (formerly known as Shucheng County Rural Credit Cooperative Union), established in 1998, is a member of Shucheng Wanfohu Lake Tourism Management, and is located in Lu’an City, Anhui Province. It is an enterprise mainly engaged in monetary and financial services. In terms of risk, the company has 95 judicial documents; 730 litigation-related relationships; 121 court announcement notices; and 78 case-filing information items.

Source: Anhui Branch of the People’s Bank of China, Tianyancha

【Source: Lu’an Weekly News】