China ICBCs illegal disclosure information was fined more than $ 32 million by t

Industrial and Commercial Bank of China and its New York branches have been fined by the Federal Reserve and New York Financial Services Authority (about 43.44 million new trips by the Federal Reserve and New York Financial Services Authority (about 43.44 million new trips)Yuan).

Comprehensive Bloomberg and Reuters report that the Federal Reserve said on Friday (January 19) in a statement that confidential supervision information includes bank inspection reports and other confidential communication of bank regulators.Regulatory agencies approved in advance that disclosure of confidential supervision information was illegal.Authorized dissemination and use of such data.

The New York Financial Service Administration said in another statement that after investigating the ICBC's compliance failure, I found that the ICBC New York Branch from 2018 to 2022 andA number of defects in the money laundering compliance plan, the Administration fined the bank.

The survey pointed out that a former New York branch employee traced back several compliance documents under the instructions of his colleagues, and ICBC did not report to the department in a timely manner.ICBC also illegally disclosed confidential supervision information to an overseas regulatory agency, but declare that there was no specific instructions which regulatory agency.

The Federal Reserve requires ICBC to submit a written plan within 90 days to strengthen the compliance functions of internal control and regulatory confidential information processing, and carry out other reforms.The plan must be accepted by the Fed and passed within 10 days.Within 30 days after the end of each quarter, ICBC must submit a report on reform.

ICBC is the largest state -owned bank in China, with total assets exceeding 44.5 trillion yuan (RMB, the same below, about S $ 8.4 trillion).The performance report in the third quarter of last year showed that ICBC's operating income in the first three quarters was 651.368 billion yuan, a decrease of 3.55%year -on -year; net profit was 26.993 billion yuan, an increase of 0.81%year -on -year.As of the end of September, the bank's non -performing loan rate was 1.36%, a decrease of 0.02 percentage points from the end of the previous year.