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An International Remittance Certificate (IRC) is a document issued by financial institutions to confirm the receipt of funds sent from abroad. It serves as proof of the transaction for both the sender and recipient, detailing information such as the amount transferred, currency, and sender's details. The IRC is often required for regulatory compliance, tax purposes, or to facilitate the transfer of funds into local bank accounts. It helps ensure transparency and traceability in international money transfers.

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4d ago

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