Regulatory Alerts2021-06-29
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 outlines the specific compliance procedures and reporting obligations that financial institutions must follow when facilitating such cross-border financial activities. These regulations were last amended on June 29, 2021, with the updated provisions becoming effective on July 1, 2021, to ensure accurate monitoring of foreign exchange flows.
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Title： Directions for Banking Enterprises while Assisting Customers to Declare Foreign Exchange Receipts and Disbursements or Transactions Inactive Regulations
Announced Date： November 18, 1998
Amended Date： Amended on June 29, 2021（Effective from July 1, 2021）