All posts tagged "Trade"
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443ChinaTrade Woes Prompt Easing of China’s Forex Rules
SAFE will ease controls on equity investment from non-investment foreign firms, among 12 measures to help draw overseas funds into the domestic market and facilitate cross-border trade.
October 29, 2019 -
719AML / KYCKorean Banks Halt Won Settlement as Iran Sanctions Waiver Expires
Woori Bank and Industrial Bank of Korea have stopped offering won settlement services that have to date allowed over 2,000 local companies to bypass Iran trade restrictions.
May 9, 2019 -
650EuropeNo-Deal Brexit to Have Little Impact on S. Korea, says FSS
If the UK crashes out of the EU without an orderly exit deal in place, the damage to South Korea’s economy will be slight, according to the Financial Supervisory Service.
February 22, 2019 -
348Capital RegulationPBOC Cuts RRR to Stem Impact of US Trade Row
Of the funds released with the cut, ¥500b should support debt-to-equity swap programme to lower corporate debt ratios, ¥200b to be used for SME lending.
June 25, 2018 -
402AML / KYCBangladesh Banks Raise Concern on Trade-based Money Laundering
Trade-based money laundering is a source of concern for banks, according to a just released survey by the Bangladesh Institute of Bank Management; mis-declaration of pricing and traded goods a key source of money laundering in trade.
April 26, 2018 -
445AML / KYCNew Zealand: $970mn Laundered Each Year
Key facilitators for money laundering include shell companies and trusts, alternative banking platforms, trade based activities, real estate, casinos.
March 21, 2018 -
510JapanJapan, Singapore Developing Cross-border DLT Trade Prototype
Mitsubishi UFJ- NTT DATA distributed ledger expected to make cross-border flows more secure through single, unified platform.
December 7, 2017 -
AML / KYC
India to Allow Currency Hedging by Non-resident Companies
RBI (the Reserve Bank of India) will allow central treasuries used by non-resident companies to hedge their rupee currency risk from trade transactions.
October 19, 2017
