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Photo Illustration Ant Group Fined 7 Billion Chinese Yuan
A citizen checks the logo of Ant Group in Beijing, China, on July 8, 2023. On July 7, according to the official website of the People's Bank of China, recently, in view of the illegal activities of Ant Group and its subsidiaries in the past year in terms of corporate governance, financial consumer protection, participation in banking and insurance institutions, payment and settlement business, fulfillment of anti-money laundering obligations and fund sales business, In accordance with the Law of the People's Bank of China, the Anti-Money Laundering Law, the Banking Supervision Law, the Insurance Law, the Securities Investment Fund Law, and the Protection of Consumer Rights and Interests, the financial authorities imposed a fine (including confiscation of illegal gains) of 7.123 billion yuan on Ant Group and its subsidiaries. (Photo Illustration by Costfoto/NurPhoto)
Photo Details
| Photo ID | #10245912 |
|---|---|
| Date Taken | |
| Location | N/A |
| Photographer | Costfoto/NurPhoto |
| Category | Economy, Business and Finance |
| Copyright | © 2026 NurPhoto - Costfoto/NurPhoto |
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payment and settlement business
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fund sales business
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Banking Supervision Law
Insurance Law
Securities Investment Fund Law
Protection of Consumer Rights and Interests
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