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Tencent's WeChat Pay unit was fined 2.78 million for breaking currency exchange rules
Published on: 2021-11-30
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The State Administration of Foreign Exchange (SAFE) Shenzhen branch fined Tenpay, Tencent's online payment platform, 2.78 million yuan ($436,000) for misconduct, including conducting foreign exchange business beyond the scope of its registration, according to a statement posted late Friday on the regulator's website.
 

The FX regulator also gave the company a number of warnings, ordered it to rectify the violations and confiscate illegal gains, the statement said.
 

China launched a widespread clampdown on its technology sector this year, with the competition regulator in particular dishing out fines and warnings and conducting investigations into the biggest names in the "platform economy".
 

外汇业务违规!腾讯财付通吃278万元罚单

日前,国家外汇管理局深圳市分局发布一批行政处罚决定。其中,腾讯旗下第三方支付公司财付通支付科技有限公司因违反支付机构外汇业务管理办法相关规定,被国家外汇管理局深圳市分局处以罚款278万元。
 

此外,中信证券、深圳农商行、农业银行深圳福田支行等机构也在近期被出具外汇业务违规罚单。

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