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Trading Terms and Conditions
21 OCTOBER 2016Important noticeOverseas recipientsThese terms and conditions must be read in conjunction
with our Financial Service Guide (FSG), the Application
and, if
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What is overseas recipients?
Overseas recipients are individuals or entities located outside of the country where the sender is located, who receive funds, goods, or services.
Who is required to file overseas recipients?
Any individual or entity that makes payments or provides services to overseas recipients may be required to file information about those recipients.
How to fill out overseas recipients?
The information about overseas recipients can typically be filled out on a form provided by the relevant government agency, and may include details such as the recipient's name, address, and the nature of the payment or service provided.
What is the purpose of overseas recipients?
The purpose of reporting overseas recipients is to track and monitor payments or services provided to individuals or entities outside of the sender's country, for compliance and transparency purposes.
What information must be reported on overseas recipients?
Typically, information such as the recipient's name, address, the amount of payment or value of services provided, and the purpose of the payment or services must be reported.
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