In the news: The PBOC and SAFE tighten transaction reporting, the NDRC fines GM $29 million, the CAC publishes a cybersecurity strategy and Qualcomm and Meizu settle a global patent dispute

Cross-border cash transfer reporting thresholds were lowered, GM was penalized for antitrust violations, the CAC expanded the scope of CII and Meizu agreed to pay Qualcomm licensing fees

11 minute readJanuary 05, 2017 at 07:43 AM

Katherine Jo

& clp articles

PBOC steps up cross-border transaction reporting standards

The People's Bank of China (PBOC) released amended rules on December 30 requiring financial institutions to flag large-volume (defined as Rmb50,000 or above inrenminbi and $10,000 or above in

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