An MNC can now enter hedging agreements in India, but it will have to process the instruments via a tri-partite agreement with an Indian bank, the MNC's Indian subsidiary and its own treasury function.
A former Guangdong Securities managing director is banned for nine months following failures related to third-party payments – the latest target of an SFC crackdown on AML and KYC compliance.
The heir to the throne of Samsung Group has been charged with bribery and embezzlement. Let’s pause to remember that treasurers and CFOs must have the conviction to stand up to any illicit financial behaviour.
The British engineering giant faces a huge bill over illicit payments to third parties in Asia and elsewhere. The case offers important lessons for CFOs in examining payments to third parties overseas.
Global body for securities regulators say local market participants may stop dealing with entities considered 'US persons' in swaps market as complex rules kick in. One treasurer says the shift has already begun.