Singapore Remittance Companies Directed to Suspend Use of Non-Bank Channels for Transfers to China

  • 📰 straits_times
  • ⏱ Reading Time:
  • 1 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 69%

Finance Новости

Singapore,Remittance Companies,Non-Bank Channels

Remittance companies in Singapore have been directed to suspend the use of non-bank and non-card channels when providing cross-border money transfer services to China for the next three months. This decision comes after numerous reports of frozen remittances through such channels.

Remittance companies in Singapore have been directed to suspend the use of non-bank and non-card channels for cross-border money transfers to China from Jan 1 to March 31, 2024. This decision comes after more than 670 reports of frozen remittances through such channels, involving a total amount of around $13 million.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 5. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Singapore Experts Recommend Sustainability Measures for Manufacturing CompaniesThe Institute of Singapore Chartered Accountants (ISCA), Singapore Manufacturing Federation (SMF), Deloitte, and Singapore Management University (SMU) have listed five recommendations for manufacturing companies to accelerate their sustainability transformation. Creating a Chief Financial and Sustainability Officer (CFSO) position and integrating sustainability into operations are among the suggestions.
Источник: SBRMagazine - 🏆 13. / 51 Прочитайте больше »