In the news: Offshore accounts launched and the FCPA threat for MNCs

December 06, 2013 | BY

clpstaff &clp articles

The PBOC has given the green light for offshore accounts in the Free Trade Zone and the FCPA threat against multinationals in China is put into perspective

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Offshore accounts permitted in trade zone

China Daily reported the announcement from the People's Bank of China (PBOC) that it will permit businesses and individuals to open offshore accounts in the China (Shanghai) Pilot Free Trade