Black & White Path

Jun 25, 2026 · Industry Insights

Suzhou Bank Hit with Record ¥7.21 M Fine for 11 Network and Data Security Violations

On June 18, 2026, the People's Bank of China’s Jiangsu branch announced a historic ¥7.21 million fine against Suzhou Bank for eleven breaches spanning network security, data protection, anti‑money‑laundering, and other regulatory areas, highlighting a stark gap between the bank’s proclaimed compliance framework and regulator enforcement.