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<h1>FEMA compliance: authorized dealer banks must perform due diligence and share KYC and remittance details for SNRR transactions.</h1> Authorized dealer banks are primarily responsible for FEMA compliance in trade transactions: the AD bank handling export/import documents must ensure adherence to export/import FEMA rules, while the AD bank maintaining the SNRR account must perform due diligence, provide full KYC and remittance particulars to the beneficiary's bank to enable EDPMS reconciliation. The same obligations apply for ECBs, trade credits and foreign investments, including issuance of FIRC where applicable and sharing transaction details among banks.