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Bank of China gets written warning from Romanian National Bank

July 26, 2024

The Bank of China's Romanian branch has received a written warning from the National Bank of Romania (BNR) for 12 breaches of banking regulations, including several violations related to anti-money laundering and counter-terrorism financing norms.

The findings revealed in an inspection report, highlighted deficiencies in customer due diligence, particularly for online clients, and inadequate implementation of IT systems to support compliance processes. The inspection, conducted by BNR's...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/bank-china-written-warning-bnr-romania-2024
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