Current Affairs · Cross-Border Remittances
Under RBI guidelines regarding international cross-border payment transactions and reporting, which of the following elements are encouraged/required for financial integrity? 1. Monitoring and alignment of inward and outward remittance transactions under FEMA rules. 2. Use of Legal Entity Identifiers (LEIs) for high-value cross-border financial transactions exceeding specified limits (e.g. ₹50 crore / USD equivalent). 3. Real-time or batch reporting of transactions by Authorised Dealer (AD) Category-I banks to RBI systems.
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