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Asia Pacific: Paying for secrecy.
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- Abstract:
The article reports on strict state secrecy laws and regulations in China built around country's financial institutions. Topics discussed include uncooperative attitude of China banks in a U.S litigation, banks' claim that they are not subject to US jurisdiction and root of conflicts between the U.S Securities and Exchange Commission and the four accounting firm that violated the Sarbanes-Oxley Act by refusing to hand over work papers.
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