MOSCOW, January 23Alfa Bank sees strengthening of verification procedures for cross-border payments to China, but this is a normal practice that does not in any way affect the receipt of payments in yuan by foreign counterparties , reported the press service of the credit institution.
“»Most of our payments to China are made in yuan, a small part — in rubles. We see increased compliance policy requirements, but this is normal practice when making cross-border payments,» the message says.
This does not in any way affect the receipt of payments in yuan by foreign counterparties and does not affect the work of the bank, the press service added.
Recently, the largest state-owned banks of the PRC have become “particularly sensitive” to clients associated with Russia, Alexander Potavin, an analyst at Finam Financial Group, previously reported. They are looking among them for those whose beneficiaries or controlling persons are located in Russia, as well as “gray” suppliers of sanctioned goods through third countries, he explained.
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