On 8 March, the Law Society published this Guide which explores the risks arising from the use of Chinese informal value transfer systems (‘underground banking’) and circumvention of Chinese currency controls. The guide sets out practical measures to help one mitigate the risks.
https://www.lawsociety.org.uk/Topics/Anti-money-laundering/Guides/Chinese-underground-banking-and-funds-from-China
https://www.buymeacoffee.com/KoIvM842y
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Author: raytodd2017
Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section
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