All posts tagged "Remittances"
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962ChinaQFII, RQFII Quota Removal Unlikely to Trigger Big Inflows
China has scrapped the quota of its two leading inbound investment programmes, but the move appears unlikely to give its onshore capital markets a shot in the arm.
May 14, 2020 -
534ChinaChina Scraps QFII, RQFII Quotas; Simplifies Outbound Remittance Rules
QFII and RQFII investors will merely need to go through a registration process to invest in China. Requirements on outbound remittances and currency exchange have also been simplified.
May 8, 2020 -
1.0KBig PictureFSB Offers Recommendations on Regulating Global Stablecoins
The consultative report proposes 10 high-level recommendations for jurisdictional authorities to advance consistent and effective regulation and supervision of global stablecoin arrangements.
April 14, 2020 -
1.0KAML / KYCFSB Publishes Stage 1 Report on Enhancing Cross-Border Payments
New technologies have the potential to facilitate fast, low cost, transparent and scalable payments, but should be accompanied by measures to address all relevant risks.
April 10, 2020 -
363Asia-PacificSri Lankan Brokers Prohibited from Charging Interest on Margin Loans
The central bank has also suspended overseas investment and outward remittances by Sri Lankan residents, and cut interest rates for the second time in three weeks.
April 8, 2020 -
1.2KAML / KYCMAS Adopts FATF Standards on VASPs in Payment Services Act
MAS has proposed amendments will align the Payment Services Act with the most recent enhancements to the FATF Standards in relation to virtual asset service providers.
December 28, 2019 -
412ChinaChina Raises Daily Remittance Limit for Macau Residents
The move comes as President Xi Jinping visits Macau this week, amid expectations that further preferential policies will be announced to promote Macau as a financial centre.
December 20, 2019 -
550AML / KYCBSP Probes Ten Banks Linked to Westpac AML Violations
The banks received funds for their clients through the Bank of the Philippine Islands, which was the local partner of the Westpac money transfer service known as LitePay.
December 20, 2019 -
341AML / KYCICAC Charges Two in Bribery Scheme to Circumvent China Capital Controls
A former CITIC branch manager accepted over HK$1mn in commissions for referring 6 bank clients to a money exchange company to remit money from the Mainland to Hong Kong.
December 19, 2019 -
426AML / KYCMyanmar Announces Licensing Framework for Remittance Providers
The move is aimed at providing a cost-effective channel for the legal movement of money into Myanmar and reduce the use of illegal money transfer brokers.
November 26, 2019
