39

views
Unfave

US concerned about currency swaps between Africa, China

The US is concerned that increased currency swap agreements between China and African nations will reduce visibility into financial transactions and will make it harder to prevent money laundering, a senior US sanctions official said. Marshall Billingslea, the US Treasury Department’s assistant secretary for terrorist financing, told a congressional hearing that while there was greater […]
Read the rest of the story on The Punch News

Added September 14, 2018
from The Punch News