Didi Fined 4.3 Million Yuan for Breaking Money Laundering Rules

What’s new: China’s central bank has fined the online payment arm of ride-hailing giant Didi Global Inc. 4.3 million yuan ($633,241) for violating money laundering regulations and other rules, according to a Friday notice published by the People’s Bank of China’s (PBOC’s) operation office in Beijing.

The PBOC listed 11 violations in the notice, including failing to confirm the identity of its customers. It also penalized two of the payment unit’s former executives. The pair had been responsible for the violations at the time.