<h1>RBI Implements New Measures to Curb Foreign Exchange Violations in Import Transactions at Banks.</h1> A foreign exchange violation was reported at the Ashok Vihar Branch of a public sector bank, where advance import remittances were allowed without verifying transaction authenticity. The Reserve Bank of India has implemented measures to prevent such incidents, including issuing guidelines for handling export/import transactions, forming a working group for an Import Data Monitoring and Processing System, enforcing strict adherence to existing guidelines, and ensuring regular follow-up on all advance remittance cases. Progress is tracked through special fortnightly reports, as stated by a government minister in a written reply to the Lok Sabha.