According to information disclosure on administrative penalty decisions recently released by the Sichuan branch of the People's Bank of China, Chengdu Mobao Network Technology Co., Ltd. was warned, notified and criticized for violating account management regulations, violating liquidation regulations, and failing to fulfill customer identification obligations in accordance with regulations. It confiscated about 8,0642,000 yuan of illegal proceeds and was fined 21.365,000 yuan, for a total of about 29.43 million yuan.

According to information disclosure on administrative penalty decisions recently released by the Sichuan branch of the People's Bank of China, Chengdu Mobao Network Technology Co., Ltd. was warned, notified and criticized for violating account management regulations, violating liquidation regulations, and failing to fulfill customer identification obligations in accordance with regulations. It confiscated about 8,0642,000 yuan of illegal proceeds and was fined 21.365,000 yuan, for a total of about 29.43 million yuan.