November 2009

Comment on the Judicial Interpretations on Money Laundering Cases

by Shu November 26, 2009 AML

  On November 4, 2009, the Supreme People’s Court published the “Judicial Interpretations on Money Laundering Cases” (Interpretations). It established that the “knowledge” element required to prove the offense of money laundering (ML) can be inferred from objective factual circumstances. This important change shifts the burden of proof from prosecutors to defendants in ML cases. From now [...]

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China Policy News

by Shu November 26, 2009 Regulatory Compliance

Over the last two days, several government agencies issued a number of new policies/rules related to FX conversion, travel, and SOE financial management. 1) SAFE rule to limit hot money inflows The State Administration of Foreign Exchange (SAFE) issued a notice this afternoon in an obvious attempt to limit hot money inflows by tightening the [...]

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China-Latin America Trade: New Record

by Shu November 25, 2009 Trade

  Brazil replaces Mexico as China’s top market in Latin America and boosts its surplus as well. BY JOACHIM BAMRUD   As Chinese and Latin American companies meet in Bogota this week for the third annual China-Latin America Business Summit, they have reason to be bullish. China continues to be the fastest-growing trade partner for [...]

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