Police said the scheme involved a "maze-like criminal network" that used virtual assets to launder money overseas.
July 22, 2023The restrictions are being preserved due to the sanctions that prohibit Russian financial institutions from buying western countries’ cash, the central bank said.
March 8, 2023The service is available in Singapore via DBS and Liquid Group, and in India via Axis Bank, DBS India, ICICI Bank, Indian Bank, Indian Overseas Bank and State Bank of India.
February 21, 2023Investors from “unfriendly” countries remain subject to capital controls banning them from selling or collecting payments on Russian securities.
August 17, 2022A new IMF paper calls on policymakers to preserve the effectiveness of capital controls by clarifying the legal status of crypto assets.
May 13, 2022Tim Leissner said BNM approved a USD 1 billion overnight transfer out of 1MDB but that he could not independently verify whether a bribe was paid.
February 25, 2022Using SWIFT gpi datasets, CPMI identified capital controls, longer bank offline hours, and batch processing as factors that slow down cross-border payments.
February 14, 2022Shenzhen's five-year plan calls for the establishment of foreign-controlled securities firms, investment funds, futures companies and insurers in the city.
June 14, 2021The central bank said the relaxations will allow non-financial companies greater flexibility to manage currency risks and liquidity related to the Thai baht.
January 8, 2021The PBOC and SAFE have adjusted the upper limits on overseas lending and borrowing by domestic enterprises, as the RMB trades at its highest levels since mid 2018.
January 8, 2021