Saturday, June 29, 2013

Businessmen discuss forex problems with officials

........Clarifying RBI guidelines- PM Pethe, OSD from Foreign Exchange Dealers' Association (FEDA) said that before receiving payments from overseas, the receiver should have proper knowledge about the credentials of the foreign based person who released the payment. He claimed that KYC norms have been introduced to check money laundering through such overseas transactions..........

No comments: