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

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

3 minute readDecember 06, 2013 at 01:52 AM

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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

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