Regulatory Alerts2003-08-06
Added · Updated
Directions Governing Banking Enterprises for Operating Foreign Exchange Business
The document establishes operational rules for authorized banks and other banking enterprises conducting foreign exchange business, including export and import transactions, remittances, deposits, loans, guarantees, and trust fund investments. It mandates specific documentation, certificate issuance, and daily reporting requirements to the Department of Foreign Exchange of the Central Bank of the Republic of China (Taiwan). The regulations also set limits on foreign currency ATM withdrawals and define procedures for triangular trade negotiations and the purchase of foreign currency banknotes and traveler's checks.
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