China has set new limits on the amount of cash bank customers are allowed to withdraw while overseas. Photo: Martin Chan
China has set new limits on the amount of cash bank customers are allowed to withdraw while overseas. Photo: Martin Chan

China puts US$15,000 annual personal cap on overseas bank card withdrawals

Rules aimed at curbing money laundering, terrorism financing and tax evasion

China has set new limits on the amount of cash bank customers are allowed to withdraw while overseas. Photo: Martin Chan
China has set new limits on the amount of cash bank customers are allowed to withdraw while overseas. Photo: Martin Chan
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