https://www.karboncard.com/blo....g/restrictions-on-ou
Outward remittance describes the transfer of funds from a resident country to a foreign nation with a variety or purpose, for example personal, business, or investment-related reasons. The transfer is subject to specific legal frameworks and regulations imposed by governments in order to keep a tight rein over foreign exchange, stop money laundering, as well as regulate capital flows. This article explores the restrictions on outward remittances, focusing on their goals, regulatory frameworks, as well as the consequence
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