Datong Securities fined 216,000 yuan for failure to conduct customer due diligence and other violations

Blue Whale News, February 27 — Recently, the Shanxi Branch of the People’s Bank of China published a public notice of administrative penalty decisions, targeting Datong Securities Co., Ltd.

The penalty notice shows that the main violations by Datong Securities include: failing to conduct customer due diligence as required and failing to report suspicious transactions as mandated.

In response to these actions, the Shanxi Branch of the People’s Bank of China issued a warning and fined 216,000 yuan.