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Well, there is no country that would ever allow money to move in or out "no questions asked". Why do you think there are a lot of terms like AML, or KYC floatin
by jialutu 6y ago
Well, there is no country that would ever allow money to move in or out "no questions asked". Why do you think there are a lot of terms like AML, or KYC floating about in the finance sector?
Also, international payments are a pain in the first place. I'm based in London currently contracting for a Singaporean firm, and they've still yet to be able to make the payment due to IBAN, SWIFT code issues. And you'd think that London and Singapore both being global financial centers, it would be easy right?
But yeah, I take your point its really bad having too much restrictions on moving money out of China, although I do think they are trying to change those policies.