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China Cybersecurity Law makes life difficult for FIs: ASIFMA

Financial institutions hope to engage in more discussions with local regulators regarding China’s Cybersecurity Law and the difficulties it presents to banks over unavoidable data transfer, according to speakers at the second day of the Compliance and Legal Conference held by the Asia Securities Industry & Financial Markets Association (ASIFMA). Enacted in June 2017, the People’s Republic of China Cybersecurity…

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