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Singaporean remittance-services providers charged with unlawful exchange of price information

( November 25, 2024, 04:53 GMT | Official Statement) -- MLex Summary: Two Singaporean remittance services have been charged with exchanging information on their outward remittance rates for the Chinese yuan over more than six years in violation of the competition law, according to a proposed infringement decision from the Competition and Consumer Commission of Singapore. The two companies, ZR Global and Hanshan Money Express, will have a chance to respond before the CCCS makes a final decision. The CCCS statement is attached....

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