Logo 18 Jul 2022

PBoC fines Didi Pay

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Welp, Didi's been fined again.
On Friday, the Beijing branch of the central bank (PBoC) fined Didi’s mobile payment unit Didi Pay for its slack anti-money laundering (AML) compliance.
Context: China's legislature is in the process of revising the Anti-Money Laundering Law, in part to force fintec...