Tencent faces possible record fine for anti-money-laundering violations: Report

Tencent faces possible record fine for anti-money-laundering violations: Report

FILE PHOTO: A Tencent logo is seen in Beijing, China September 4, 2020. REUTERS/Tingshu Wang/File Photo

Tencent Holdings Ltd is facing a potential fine, which could be at least hundreds of millions of yuan, for violating some central bank regulations on its WeChat Pay mobile network, the Wall Street Journal reported on Monday, citing people familiar with the matter.