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Ten banks have entered a pilot programme of Cips phase II, which will allow 24-hour operation and net flow clearance.
Regulator issues fines for 20 breaches of currency regulation in a growing sign enforcement is broadening and fines becoming heavier.
Jerome Tan, CFO of IMI explains how to manage a successful overseas acquisition, and how to conduct effective due diligence, and prevent unnecessary tax exposure.
The leading cross-border payments co-operative is taking a long hard look at the technology that could replace it: blockchain.