Regulatory Alerts2018-11-13
Directions for Banking Enterprises while Assisting Customers to Declare Foreign Exchange Receipts and Disbursements or Transactions
The Central Bank of the Republic of China issued these directions to regulate how banking enterprises assist customers in declaring foreign exchange receipts, disbursements, and transactions. The document establishes specific procedural requirements and compliance standards for financial institutions handling such foreign exchange activities. It was last amended on November 13, 2018, with the changes becoming effective on November 15, 2018.
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