All posts tagged "BOC"
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358ChinaGuangzhou Activates Plans to Become GBA Wealth Hub
Guangzhou's financial regulator will seek to attract talent and capital to the city and promote it as a wealth and asset management centre.
June 9, 2022 -
445AML / KYCUS Extradites Ex-BOC Banker to China Over Corruption Charges
The former BOC managers stole the bank's money and laundered it through Canada and the US, in a case that dates back 20 years.
November 22, 2021 -
585AML / KYCHK, China Working to Simplify Cross-border Account Opening
Regulators are reportedly working to simplify cross-border bank account opening processes to facilitate the launch of Wealth Management Connect.
March 16, 2021 -
572ChinaCBIRC Penalises Bank of China Over April Crude Oil Losses
Bank of China was fined over 50mn yuan and ordered to correct deficiencies, strengthen compliance awareness and improve risk management.
December 7, 2020 -
690China
China: Banks Suspend Opening of Precious Metals Trading Accounts
Seven banks have temporarily stopped opening new accounts for precious metals trading amid concerns that heightened volatility could lead to losses and complaints.
December 1, 2020 -
1.1KAML / KYC
China Should Reduce SWIFT Use in Case of US Sanctions – Report
China should prepare for potential US sanctions by increasing the use of CIPS for cross-border transactions, and by developing legislation similar to the EU’s blocking statute.
July 30, 2020 -
1.8KAML / KYCSingapore Police Raid ZenRock Following HSBC Allegations of Fraud
Singapore’s High Court has reportedly appointed KPMG executives as interim judicial managers to oversee a transition to new management at ZenRock Commodities, an oil trading firm.
May 10, 2020 -
1.1KChina
Bank of China to Partially Shoulder Investors’ Crude Oil Losses
The move followed a determination by the Financial Stability and Development Committee that the bank was at fault for not following investment suitability principles.
May 8, 2020 -
893China
CBIRC Issues Directions to BOC Over Oil Losses
The CBIRC has asked Bank of China to improve its risk management and to negotiate with investors in good faith over an estimated 10bn yuan in losses in its crude oil product.
May 5, 2020 -
1.1KChinaCBIRC Instructs Banks to Halt Risky Crude Oil Products – Reports
The verbal directions came nearly a week after an estimated $1.4bn in losses were recorded in a crude oil futures trading product sold by Bank of China.
April 29, 2020
