Tencent’s Tenpay was fined 2.78 million for illegal profit of 2,000 yuan | Fines | Epoch Times

[TheEpochTimesNovember292021](Comprehensive report by The Epoch Times reporter Liu Yi) Mainland ChinaTencentSubordinateTenpayPayment Technology Co., Ltd. was fined 2.78 million yuan for violation of the law, and its violation only made a profit of 20,000 yuan (RMB, the same below).

According to the “Administrative Penalty Decision” issued by the Shenzhen Branch of the State Administration of Foreign Exchange of the Communist Party of China on November 26,TenpayPayment Technology Co., Ltd. (Tenpay) failed to submit relevant materials in accordance with regulations, carried out foreign exchange business beyond the scope of registration, failed to handle foreign exchange sales business in accordance with regulations, and failed to collect necessary information in accordance with regulations, which violated the “Foreign Exchange Business Management of Payment Institutions” The relevant provisions of the Measures.

The “Administrative Punishment Decision” gave Tenpay a warning, confiscated 20,000 yuan of illegal income, and imposedfine2.78 million yuan.

In response, Tenpay responded. In response to the problems found in the routine inspections from 2019 to 2020, Tenpay has formulated an improvement plan as soon as possible and implemented it item by item. The rectification has been completed.

According to a mainland enterprise search, Tenpay Payment Technology Co., Ltd. was established on August 25, 2006, with a registered capital of 1 billion yuan, and Shenzhen’s largest shareholderTencentComputer Systems Co., Ltd. holds 95% of the shares.

Editor in charge: Lin Congwen

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