https://www.taxtmi.com/circulars?id=52721 Foreign inward remittances under the Money Transfer Service Scheme may be electronically credited directly to beneficiaries' bank accounts under the Direct to Account facility, provided recipient accounts are KYC compliant or KYC/CDD is completed before credit; partner banks must mark and include accurate originator and beneficiary information in transfer messages and flag remittances as foreign inward receipts, while recipient banks must maintain identification records, may seek further information, and must report suspicious transactions to FIU IND. en-us Tue, 04 Mar 2014 00:00:00 +0530 Tue, 04 Mar 2014 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52721 Foreign inward remittances under the Money Transfer Service Scheme may be electronically credited directly to beneficiaries' bank accounts under the Direct to Account facility, provided recipient accounts are KYC compliant or KYC/CDD is completed before credit; partner banks must mark and include accurate originator and beneficiary information in transfer messages and flag remittances as foreign inward receipts, while recipient banks must maintain identification records, may seek further information, and must report suspicious transactions to FIU IND. Circulars FEMA Tue, 04 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52721