Opinion | Judges: CIBC bank supports clients who break China’s …

Sep 2, 2015 · For CIBC, the answer is: Far enough to get its clients’ money out of China, regardless of Beijing’s US$50,000 annual export limit - but within the bank’s own ethical limits …

CouponFollow Extension

$50000
OFF

Opinion | Judges: CIBC Bank Supports Clients Who Break China’s …

2 weeks from now

Sep 2, 2015 · For CIBC, the answer is: Far enough to get its clients’ money out of China, regardless of Beijing’s US$50,000 annual export limit - but within the bank’s own ethical limits …

scmp.com

FAQs about Opinion | Judges: CIBC bank supports clients who break China’s … Coupon?

Can CIBC send money from China to Canada?

“If, for example, a CIBC client wanted to send US$150,000 from China to Canada, the money had to come from three accounts belonging to three different account holders in China and be transferred to three separate accounts belonging to three separate account holders in Canada,” the ruling said. ...

Who regulated CIBC Bank USA?

CIBC Bank USA is regulated by the Illinois Department of Financial and Professional Regulation and a member of the Federal Deposit Insurance Corporation. CIBC World Markets plc is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. ...

Who authorised CIBC Capital Markets (Europe)?

CIBC Capital Markets (Europe) S.A. (RCS Luxembourg: B236326) is authorised by the European Central Bank (the “ECB”) and supervised by the Luxembourg Financial Supervisory Authority (Commission de Surveillance du Secteur Financier) under the oversight of the ECB. ...

Are China's financial rules a mockery of Canada?

Elsewhere in China, examples include a company that ordered employees to use their accounts to wire money to Canada for private property purchases, according to Christine Duhaime, a Canadian lawyer specializing in financial crime. China’s rules are being “made a mockery of,” she said. ...

Who is CIBC World Markets Inc?

CIBC World Markets Inc. is a member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization. In the United States, CIBC World Markets Corp. is a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. ...

Is CIBC liable for bad faith?

The court found CIBC was liable for breach of contract, unjust dismissal, and compensatory damages for bad faith, along with aggravated and special damages. ...