The new rules will help promote innovation by foreign exchange service providers while also reducing the operational burden associated with licensing.
November 24, 2022Any foreign currency transactions worth more than KRW 5,000 has to be reported to the central bank, or face penalties for violating Korea's foreign exchange laws.
October 20, 2022The cut will add about increase foreign currency liquidity, make it more appealing for traders to buy the yuan, and support the economic recovery.
September 6, 2022The new penalties regime is intended to help protect the value of the Philippine peso, maintain price stability, and deter future violations.
August 23, 2022The BSP has proposed draft rules to ease the documentary requirements for registering inward investments and FX remittances to fund investments.
August 1, 2022Two executives have been banned for eight years after their firm engaged in "unconscionable conduct" including the use of pressure selling tactics.
July 21, 2022The guidelines will help enterprises better understand exchange rate hedging and improve their management of currency risks, SAFE said.
July 7, 2022The measures include lower Bond Connect fees, a cross-border bond subscription service, and easier access to the FX market for hedging.
July 6, 2022The Department of Finance is directed through a presidential order to provide oversight of FX derivatives activities of non-bank government entities.
June 5, 2022The Bangladesh government plans to allow laundered funds to be repatriated without penalty to boost its foreign exchange reserves.
June 1, 2022