“One Big Beautiful Bill” was passed by Vice President JD Vance’s vote after it tied on the Senate floor. Among many other things, the bill included a tax on remittances, which refers to the money ...

Many decades ago, Amir landed his first job working in a gleaming Singapore high-rise. He was making more money than before, but a long way from home and his family. He was thankful to be able to send ...

Do you effect transfers of funds for US residents to recipients abroad? If so, you should review the provision of the “One Big Beautiful Bill Act” (“OBBBA”) that imposes a new excise tax on ...

The Ministry explained that this amendment falls within Kuwait’s broader efforts to strengthen its national framework for ...

Remittance schemes can span a range of technology capabilities and access barriers, but the opportunity exists for banks to simplify both execution and fraud prevention by using the Web channel.

Last year close to 3 million Filipinos left home to find work abroad so they could send cash back to the Philippines. Filipinos sent $28.5 billion in personal remittances, making up a tenth of the ...

Humanitarian aspects should be considered in handling legal issues involving remittances sent by North Korean defectors to ...

After a significant delay, the U.S. wire transfer systems Fedwire and The Clearing House Interbank Payments System will deploy expanded remittance information on Nov. 21, 2011. The large-value systems ...