(Washington Comprehensive News) China ’s largest trip to China A> and its New York branches were fined US $ 32.4 million ($ 43.44 million) by the Federal Reserve and New York Financial Services Administration for unauthorized use and disclosure of confidential supervision information.
Comprehensive Reuters and Bloomberg reported that the Federal Reserve issued a statement on Friday (January 19) that confidential supervision information includes bank inspection reports and other confidential communication of bank regulators.Regulatory information is illegal. "
美联储指出，工行缺乏正式的政策、程序、Training or other internal control to guide employees to handle confidential supervision information correctly, or prevent unauthorized dissemination and use of such data.
The New York Financial Services Authority issued a statement on the same day that after investigating the ICBC's compliance failure, it was found that the Bank of New York Branch of the New York Branch from 2018 to 2022 and a number of defects in the counter -money laundering compliance plan.The Authority fined the bank.
The survey pointed out that a former ICBC New York Branch employee traced back several compliance documents under the instructions of colleagues, and ICBC did not report to the above administration 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.
