Liberalized remittance scheme (LRS) was introduced in India in 2004 by the Reserve Bank of India (RBI). It is a scheme that enables Indian residents to remit funds abroad for certain specified ...

What are the implications of Donald Trump's proposed remittance tax? A BBVA Research report details some of its implications According to a study published by BBVA Research, 97% of the remittances ...

In the early hours of May 23, 2025, the U.S. House of Representatives narrowly passed a sweeping tax and spending bill dubbed the “Big Beautiful Bill Act”, a centerpiece of former President Donald ...

In today's interconnected world, with people becoming more mobile than ever, the global remittance industry continues to play an increasingly crucial role in facilitating seamless cross-border ...

US President Donald Trump raises his fist after arriving on Marine One on the South Lawn of the White House in Washington, DC, on May 16, 2025, following a trip to the Middle East. Trump returns to ...

The revised draft of the One Big Beautiful Bill Act (OBBBA) provides a significant benefit to Indian professionals in the US and non-resident Indians (NRIs) sending money to India. The updated version ...

The Ministry explained that this amendment falls within Kuwait’s broader efforts to strengthen its national framework for ...

This is an evolving research report that examines New Zealand’s Anti-Money Laundering and Countering Financing of Terrorism Act (NZ AML/CFT Act). The research focuses on NZ’s AML/CFT Act and ...

Could digital currencies improve financial conditions in war-torn countries? Boston University's Center for Finance, Law and Policy (CFLP) has convened a task force to explore whether they can. The ...