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Retail and hospitality group Landmark is betting on blockchain and its applications in easing cross-border movement of goods, with software-as-a-service offerings giving the technology a boost.
The US has kicked the deadline to hit FATCA regulations down the road; Burma has promised more central bank autonomy by splitting its ties with the finance ministry; the Reserve Bank of India fiddles again with FX hedging regulations.
Jul 16, 2013
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In a record year for anti-money laundering penalties, US regulators slapped multinational banks with more than $1.1 billion in fines in 2012, specifically for ‘payment stripping’ and knowingly making payments to sanctioned countries.
Standard Chartered tops the ratings for services rendered in accounts and transaction facilities in Asia-Pacific, based on East & Partners research. Citi, UOB and Hang Seng Bank sit at the foot of the table.
US-listed Moog Inc, a designer and maker of precision control systems, is the latest addition to a handful of MNCs granted a quota from China’s central bank to make cross-border renminbi intercompany loans.