BRIEF-Emergent Capital announces supplement no. 1 to exchange offer
* Emergent Capital announces supplement no. 1 to exchange offer Source text for Eikon: Further company coverage:
BEIJING Dec 30 Banks and other financial institutions in China will have to report all domestic and overseas cash transactions larger than 50,000 yuan ($7,195), compared to 200,000 yuan previously, the central bank said on Friday.
Banks will also need to report any overseas transfers by individuals of $10,000 or more, People's Bank of China (PBOC) said in a statement on its website.
The changes will take effect from July 2017 and are part of adjustments to rules for large and suspicious transactions.
The required reports are sent to China's anti-money laundering supervision center, the PBOC said.
($1 = 6.9488 Chinese yuan renminbi) (Reporting by Beijing Monitoring Desk; Editing by Richard Pullin)
RIO DE JANEIRO/BRASILIA, May 26 Maria Silvia Bastos resigned on Friday as head of Brazil's development bank BNDES amid a political crisis that had increased pressure against her by credit-starved business leaders.