Only if they are channeled through undocumented channels, or Hawala (as they are called). Hawala remittances are undocumented remittances, that usually do not show up on documented channels as monitored y the financial regulators in both countries (sender country and beneficiary country).
They can be controversial in many other aspects also. The world has a huge problem in trying to define what Hawala is. There is no universal definition. What may be legal in one country as a perfectly legal way of doing a transaction, may not be legal in Another Country.
Countries like Kuwait and Saudi Arabia find remittances controversial. 85% of the migrant population of Saudi Arabia earn less than 2000 Saudi Riyals a month (most much lower than 1000 Saudi Riyals). Such massive outflow of migrant remittances is viewed by a lot of Saudis a burden and a drain on their economy.
NRI Remittances are money transfer back to India as done by Non-Resident Indians living abroad (i.e. outside India). These remittances are sometimes called workers remittances or home remittances.
What are the requirement to get the8v ofw remittances.?
The purpose of remittances is to do a cross-border money transfer. Foreign or migrant workers working in another (host) country routinely send money back home to their family (usually referred to as the country of origin). These payments are usually for family maintenance purposes, etc. Such payments in the banking world are called remittances or migrant remittances. A lot many countries thrive on such remittances. Examples are India, Pakistan, Bangladesh, Philippines, etc.
current deposit incharge which supervise transaction in current manner what is withdrawl/deposit through cash and remittances
the world bank had being relly controversial because of the different ideas and opinios people have
NRI Remittances are money transfer back to India as done by Non-Resident Indians living abroad (i.e. outside India). These remittances are sometimes called workers remittances or home remittances.
What are the requirement to get the8v ofw remittances.?
invoice numbers, invoice amounts and text notes are included on a remittances advice.
Dilip Ratha has written: 'South-south migration and remittances' -- subject(s): Emigrant remittances
The purpose of remittances is to do a cross-border money transfer. Foreign or migrant workers working in another (host) country routinely send money back home to their family (usually referred to as the country of origin). These payments are usually for family maintenance purposes, etc. Such payments in the banking world are called remittances or migrant remittances. A lot many countries thrive on such remittances. Examples are India, Pakistan, Bangladesh, Philippines, etc.
explain how to deal with remittances letter
Jayasri Ray Chaudhuri has written: 'Migration and remittances' -- subject(s): Economic conditions, Migrant remittances, Rural-urban migration
Remittances in Pakistan are those inward money transfers received from Pakistani migrant workers who are working outside of Pakistan (usually in the GCC or US/Canada, UK, EU, AUS/NZ, etc.) These inward money transfers (which are usually monthly) for purposes of family maintenance are deemed remittances.
State Bank of Pakistan (the central bank) publishes the home-remittance figures. The data of foreign home remittances can be seen in the link on related links.
India receives the largest total amount of remittances in the world, with billions of dollars being sent back to the country by individuals working abroad. Remittances play a significant role in India's economy by contributing to foreign exchange reserves and supporting the livelihoods of many families.
Rick Chaney has written: 'Regional emigration and remittances in developing countries' -- subject- s -: Emigrant remittances, Emigration and immigration, History, Portuguese Alien labor
The amount of foreign remittance that Pakistan receives is published by the central bank of Pakistan, i.e. State Bank of Pakistan. Remittances are looked after PRI (Pakistan Remittance Initivative). The official website of PRI is www.pri.gov.pk, whilst the SBP published figures for remittances can be seen at: http://www.sbp.org.pk/ecodata/Homeremit.pdf