Regulatory Alerts2022-12-26
Directions for Banking Enterprises While Assisting Customers in Declaring Foreign Exchange Receipts and Disbursements or Transactions
The Central Bank of the Republic of China issued these directions to regulate banking enterprises' assistance to customers in declaring foreign exchange receipts, disbursements, and transactions. The document outlines specific operational requirements and compliance standards for financial institutions handling such declarations. It was originally announced on November 18, 1998, and most recently amended on December 26, 2022.
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