5 thoughts on “Tencent's Tenpay was fined more than 8 million yuan. What regulations did it violate?”
Kristine
The People's Bank of China Shenzhen Center Sub -branch issued a group of administrative penalties, and WeChat Payed the operating entity Tenpay Payment Technology Co., Ltd. (hereinafter referred to as "Tenpay") was also among them. A administrative punishment information shows that Tenpay involves a total of 8 violations of violations, including: This failure according to the real transaction scenario, accurately identified and sending and preserving transaction information to ensure that the transaction information is true, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete. Consistency can be traced back and in the entire process of payment; illegal transactions and false transactions provide payment services. It is found that customers are suspected of or suspected of violations of laws and regulations. Regulations; The illegal payment business cooperation; The barcode payment business without recording; did not save transaction verification records at the prescribed time; n Failure to establish and implement the qualification review system in accordance with regulations. The illegal regulations mentioned above, the Central Bank Shenzhen Central Branch warned the Tenpay and confiscated the illegal income of RMB 3.1837 million, a fine of RMB 5.582 million, and the total penalty of RMB 8.7657 million. , Zhou Zhiming, Director of Tenpay Directors Zhou Zhiming, "Failure to Trade Scenes, accurately identify and complete the transaction information according to the real transaction scenario, to ensure the real, complete, traceable and consistency of the entire process of payment; for illegal, it is illegal; The transaction and false transactions provide payment services, and the two illegal and illegal acts such as suspected or suspected illegal and illegal acts are not taken in accordance with regulations "were found to be directly responsible for the two illegal measures. The eye check information shows that Tenpay is controlled by Shenzhen Tencent Computer System Co., Ltd., holding 95%of the shareholding. At present, the legal representative is Lin Haifeng. It is the vice president of Tencent and the head of Tencent Fintech. Just before November, Ma Huateng was also the legal representative of Tenpay. Tencent responded to the industrial and commercial change that this time it was a normal adjustment based on the optimization of the company's management structure, and previously submitted the application to the competent department. The administrative penalty is the largest penalty received by Tenpay. In the past two years, Tenpay has been frequently punished. The Tongtong was fined RMB 400,000 for failing to perform the obligation to identify customer identity in accordance with regulations and failed to submit suspicious transactions in accordance with regulations. Tenpay was warned by the central bank's Shenzhen Municipal Central Branch for violating the relevant system of payment settlement management and the protection of financial consumption rights and interests, and fined 1.49 million yuan. Tenpay was fined 30,000 yuan for the relevant provisions of the "Administrative Measures for the Administration of the Internet Payment Business of Non -Silver Payment Institutions". According to the foreign exchange violations reported by the Foreign Exchange Administration, Tenpay has not handled cross -border foreign exchange payment business for non -residents, and did not submit information such as abnormal risk reports and other information in accordance with regulations. According to Article 48 of the Foreign Exchange Management Regulations, a fine of 600,000 was imposed. It reports that the companies that have been punished by this batch include the Shenzhen Branch of China Agricultural Bank Co., Ltd. (hereinafter referred to as the "Agricultural Bank of China Branch"), the National Bank of China Financial Leasing Co., Ltd. Shenzhen Tengfu Tong Electronic Payment Technology Co., Ltd. (hereinafter referred to as "Tengfu Tong"), etc., was fined 2.3 million yuan, 900,000 yuan, and 6.14 million yuan, respectively.
1. No transaction information is not kept or eliminated for the accurate and complete trading information. 2. illegal transactions, virtual transactions provide payment services. 3. Carry out payment business cooperation in violation of regulations. 4. No survey information is not provided truthfully. 5. There is no record to conduct barcode payment business.
Tenpay Payment Technology Co., Ltd. was warned by the central bank's Shenzhen Municipal Central Branch for violating the relevant system for the protection of payment settlement management and the protection of financial consumption rights and interests! In May 2017, due to the relevant provisions of the "Administrative Measures for the Administration of the Internet Payment Business of Non -Bank Payment Institutions", Tenpay was put on and fined. This is also the first time that Tenpay has been publicly punished by the central bank. In July 2018, the State Administration of Foreign Exchange pointed out in a typical case reported by the foreign exchange violations that from January 2015 to June 2017, Tenpay Payment Technology Co., Ltd. did not apply for a cross -border foreign exchange payment business for non -residents, and and of. Failure to submit abnormal risk reports and other information in accordance with regulations, violated Article 35 of the Foreign Exchange Management Regulations. In accordance with Article 48 of the Foreign Exchange Management Regulations, a fine shall be imposed.
First, the accurate logo of the real trading scenario is not accurately identified and the saved transaction information is sent completely. Secondly, illegal transactions, blurring transactions, providing payment services. Third, the management regulations of illegal barcode payment business, cooperation of payment business in violation of regulations, and so on.
The types of illegal illegal illegal illegal and illegal of Tenpay include: 1. Failure to trading scenarios, accurately identify and complete transaction information in accurately, and save the transaction information to ensure that the transaction information is true, complete, traceable, and consistent in the entire process of payment; 2. illegal illegal Transactions and blur transactions provide payment services, and found that customers are suspected of or suspected illegal and illegal acts are not taken in accordance with regulations; 3. violation of barcode payment business limit management regulations; 4. illegal regulations to carry out payment business cooperation; ; 6. Failure to save transaction verification records in accordance with the prescribed time; 7. Failure to truthfully provide survey materials; 8. Failure to establish and implement the qualification review system in accordance with regulations.
The People's Bank of China Shenzhen Center Sub -branch issued a group of administrative penalties, and WeChat Payed the operating entity Tenpay Payment Technology Co., Ltd. (hereinafter referred to as "Tenpay") was also among them.
A administrative punishment information shows that Tenpay involves a total of 8 violations of violations, including:
This failure according to the real transaction scenario, accurately identified and sending and preserving transaction information to ensure that the transaction information is true, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete, complete. Consistency can be traced back and in the entire process of payment;
illegal transactions and false transactions provide payment services. It is found that customers are suspected of or suspected of violations of laws and regulations. Regulations;
The illegal payment business cooperation;
The barcode payment business without recording;
did not save transaction verification records at the prescribed time; n Failure to establish and implement the qualification review system in accordance with regulations.
The illegal regulations mentioned above, the Central Bank Shenzhen Central Branch warned the Tenpay and confiscated the illegal income of RMB 3.1837 million, a fine of RMB 5.582 million, and the total penalty of RMB 8.7657 million.
, Zhou Zhiming, Director of Tenpay Directors Zhou Zhiming, "Failure to Trade Scenes, accurately identify and complete the transaction information according to the real transaction scenario, to ensure the real, complete, traceable and consistency of the entire process of payment; for illegal, it is illegal; The transaction and false transactions provide payment services, and the two illegal and illegal acts such as suspected or suspected illegal and illegal acts are not taken in accordance with regulations "were found to be directly responsible for the two illegal measures.
The eye check information shows that Tenpay is controlled by Shenzhen Tencent Computer System Co., Ltd., holding 95%of the shareholding. At present, the legal representative is Lin Haifeng. It is the vice president of Tencent and the head of Tencent Fintech. Just before November, Ma Huateng was also the legal representative of Tenpay. Tencent responded to the industrial and commercial change that this time it was a normal adjustment based on the optimization of the company's management structure, and previously submitted the application to the competent department.
The administrative penalty is the largest penalty received by Tenpay. In the past two years, Tenpay has been frequently punished.
The Tongtong was fined RMB 400,000 for failing to perform the obligation to identify customer identity in accordance with regulations and failed to submit suspicious transactions in accordance with regulations. Tenpay was warned by the central bank's Shenzhen Municipal Central Branch for violating the relevant system of payment settlement management and the protection of financial consumption rights and interests, and fined 1.49 million yuan. Tenpay was fined 30,000 yuan for the relevant provisions of the "Administrative Measures for the Administration of the Internet Payment Business of Non -Silver Payment Institutions". According to the foreign exchange violations reported by the Foreign Exchange Administration, Tenpay has not handled cross -border foreign exchange payment business for non -residents, and did not submit information such as abnormal risk reports and other information in accordance with regulations. According to Article 48 of the Foreign Exchange Management Regulations, a fine of 600,000 was imposed.
It reports that the companies that have been punished by this batch include the Shenzhen Branch of China Agricultural Bank Co., Ltd. (hereinafter referred to as the "Agricultural Bank of China Branch"), the National Bank of China Financial Leasing Co., Ltd. Shenzhen Tengfu Tong Electronic Payment Technology Co., Ltd. (hereinafter referred to as "Tengfu Tong"), etc., was fined 2.3 million yuan, 900,000 yuan, and 6.14 million yuan, respectively.
1. No transaction information is not kept or eliminated for the accurate and complete trading information. 2. illegal transactions, virtual transactions provide payment services. 3. Carry out payment business cooperation in violation of regulations. 4. No survey information is not provided truthfully. 5. There is no record to conduct barcode payment business.
Tenpay Payment Technology Co., Ltd. was warned by the central bank's Shenzhen Municipal Central Branch for violating the relevant system for the protection of payment settlement management and the protection of financial consumption rights and interests! In May 2017, due to the relevant provisions of the "Administrative Measures for the Administration of the Internet Payment Business of Non -Bank Payment Institutions", Tenpay was put on and fined. This is also the first time that Tenpay has been publicly punished by the central bank. In July 2018, the State Administration of Foreign Exchange pointed out in a typical case reported by the foreign exchange violations that from January 2015 to June 2017, Tenpay Payment Technology Co., Ltd. did not apply for a cross -border foreign exchange payment business for non -residents, and and of. Failure to submit abnormal risk reports and other information in accordance with regulations, violated Article 35 of the Foreign Exchange Management Regulations. In accordance with Article 48 of the Foreign Exchange Management Regulations, a fine shall be imposed.
First, the accurate logo of the real trading scenario is not accurately identified and the saved transaction information is sent completely.
Secondly, illegal transactions, blurring transactions, providing payment services.
Third, the management regulations of illegal barcode payment business, cooperation of payment business in violation of regulations, and so on.
The types of illegal illegal illegal illegal and illegal of Tenpay include: 1. Failure to trading scenarios, accurately identify and complete transaction information in accurately, and save the transaction information to ensure that the transaction information is true, complete, traceable, and consistent in the entire process of payment; 2. illegal illegal Transactions and blur transactions provide payment services, and found that customers are suspected of or suspected illegal and illegal acts are not taken in accordance with regulations; 3. violation of barcode payment business limit management regulations; 4. illegal regulations to carry out payment business cooperation; ; 6. Failure to save transaction verification records in accordance with the prescribed time; 7. Failure to truthfully provide survey materials; 8. Failure to establish and implement the qualification review system in accordance with regulations.