SUBSCRIBERS

China tightens anti-money laundering rules for banks

Published Fri, Dec 30, 2016 · 09:50 PM

Beijing

CHINA'S central bank said it has tightened requirements for len-ders to report cross-border transactions by customers as part of stepped-up efforts to curb money laundering.

The People's Bank of China (PBOC) will require financial institutions to report any cross-border transfers of 200,000 yuan (S$41,620) or more starting on July 1, it said in a statement on Friday.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Companies & Markets

Gold holds steady as investors focus on US Fed meeting
Singapore shares open in the red on Tuesday; STI down 0.3%
Huawei’s pivotal role in the US-China tech war, from 5G to chips
CDL Hospitality Trusts reports 6.8% higher Q1 net property income of S$34.9 million
Starhill Global Reit posts 0.9% lower Q3 net property income of S$37.7 million
Binance and CZ’s fortunes are set to grow, jail or no jail

Companies & Markets

Companies & Markets

China tightens anti-money laundering rules for banks

Companies & Markets

Gold holds steady as investors focus on US Fed meeting

Singapore shares open in the red on Tuesday; STI down 0.3%

Huawei’s pivotal role in the US-China tech war, from 5G to chips

CDL Hospitality Trusts reports 6.8% higher Q1 net property income of S$34.9 million

Starhill Global Reit posts 0.9% lower Q3 net property income of S$37.7 million

Binance and CZ’s fortunes are set to grow, jail or no jail

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT