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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Foreign Exchange Dealers Must Use Form A2 for All Cross-Border Remittances, Effective Immediately, per Sections 10(4) & 11(1).</h1> Authorised Dealers in foreign exchange are now required to obtain Form A2, in either physical or digital form, for all cross-border remittances, regardless of the transaction value. This change, effective immediately, supersedes previous circulars that allowed transactions up to USD 25,000 with minimal documentation. Dealers must ensure compliance with the Foreign Exchange Management Act, 1999, and notify their constituents of these changes. These directives are issued under sections 10(4) and 11(1) of the Act and do not override any other legal permissions or approvals required.
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