News
Alert: Singapore – Changes to Third-Party Payments
Singapore has tightened its anti–money laundering, counter-proliferation financing, and counter‑terrorism financing (AML/CPF/CFT) framework for real estate transactions. These changes affect all parties involved in leasing, including corporates and relocation management companies (RMCs) that make payments on behalf of relocating employees. The new procedure requires that all parties to a lease—individuals or entities—undergo due diligence, […]
Insights
AliPay Without a Chinese Bank Account
AliPay is now available to foreigners inside China without the need to open a local bank account. China has far outpaced the world in digital payments. Once a primarily cash-based society, they have skipped the plastic cards used elsewhere and led the way with mobile payments. Two of the most popular and highly accepted forms […]