The Chairman of the China International Economic Exchange Center, Huang Qifan, revealed in October that China has been working on a central bank-issued digital currency for five to six years and he’s confident it can be introduced very soon.… Continue Reading
Posts Tagged: Bank of China
Job Title: Compliance Officer (Anti-Money Laundering)
Employer: Bank of China
To provide AML and regulatory compliance advice and compliance support to the Singapore Branch to ensure the business is in compliance with local and Head Office rules and regulations.… Continue Reading
Foreign and local banks in China are inspecting loans linked to metals supposedly warehoused in Qingdao, where traders use commodities from iron ore to rubber to secure loans.
A police investigation is focused on Decheng Mining to determine if it used the same batches of copper and aluminium stockpiled at Qingdao Port as collateral to secure multiple separate loans.… Continue Reading
China’s central bank is looking into allegations by a state broadcaster that Bank of China, the country’s fourth largest lender, has been laundering money offshore for clients, the New York Times reported Friday.… Continue Reading