Understanding Exchange Control and International Payments with Offshore FX
Moving money across borders isn't always straightforward, especially when dealing with exchange control regulations or blocked funds.
In this episode of eRadio Business Focus, we speak to Andre Claassen from Offshore FX Global about the challenges South Africans face when transferring money internationally.
We unpack exchange control regulations, the difference between discretionary allowances and transactions requiring South African Reserve Bank approval, and the process of accessing restricted funds.
Andre also explains what clients can expect during their first consultation, how long…
The skinny
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