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Friday, 14 September 2018

US growing concern over currency swaps between Africa, China

US growing concern over currency swaps between Africa, China

The U.S. 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 U.S. sanctions official said. Marshall Billingslea, the U.S. Treasury Department’s assistant secretary for terrorist financing, told a congressional hearing that while there was greater

Read more US growing concern over currency swaps between Africa, China

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