Remittances across national borders are very crucial when it comes to its economic, developmental and cultural contributions to the sending and receiving countries. Remittances from migrants settled in another country have positive impacts on poverty reduction and development of the home countries and lead to the substantial achievement of their…
Every country needs a Financial Intelligence Unit (FIU) that plays an essential role in combating…
Choosing the best remittance provider is always a tricky part. Why? Because there are many…
Let us begin by explaining the importance of the remittance industry. The remittance industry is booming more than ever because it provides international money transfer services to immigrant settlers, workers and international students, who wish to send money to family and friends in their home countries. Funds are remitted for…
Foreign immigrants in Australia regularly send remittances to their family, friends and relatives in their…
Remittances are money transactions across national borders by migrant settlers, workers and students to their…
International money transfer was one of the biggest chores in earlier times with fewer ways and numerous procedures of money crossing international borders. Now with special thanks to the internet and remittance providers, the process has been simplified for the foreign settlers and overseas workers. However, there are some do’s…
Before moving into the Act itself, let us first quickly know what is “money laundering”…
Globalization led to tremendous changes in global policies on immigration. People started moving across countries…
People are surrounded by innumerable emergencies. Ranging from medical emergencies to urgent money needs, expats send lots of money to their families, relatives and friends in the home country. In case of emergency, you might not be in a situation to look out for favourable exchange rates or the lowest…