Foreign immigrants in Australia regularly send remittances to their family, friends and relatives in their respective home countries such as India, Pakistan, Sri Lanka, the Philippines etc. The real question is, Why? Why do they make an international money transfer? What could be the reasons behind sending remittances? In this…
Before moving into the Act itself, let us first quickly know what is “money laundering” and “terrorism financing”? Money laundering is the process of converting dirty money gained out of illegal activities into clean money. Here, they hide and disguise the real source of money so as to conveniently avoid…
Globalization led to tremendous changes in global policies on immigration. People started moving across countries for better job opportunities, higher studies, living standards etc. Wherever people go, their close familial ties and friends remain in the home country. Thus, the global remittance industry is one of the adjoining factors that…
What exactly is a cash pickup? You may have heard of different types of international money transfers such as online money transfers or bank transfers. In both these cases, the money transferred is deposited into the bank account of the beneficiary. How about a situation where your beneficiary has no…
A while ago mobile apps were nowhere to be heard, but now all you hear about is a mobile app. The banking sector, education sector, eCommerce… literally every industry started developing mobile applications. Why? Because mobile apps are convenient and easy to use, and people are increasingly fond of them. …
Yes, online money transfers are safe if you take the right precautions. There is no denial of the fact that online banking has threats and risks from fraudsters. But the best service providers take extra care in developing the most reliable compliance techniques to secure your money and confidential information.…
Filipino community settled in Australia is always in search of the common ways to send money to Philippines for their loved ones living in the home country. If you are one among them, you have landed in the right place. We are here to offer a list of the common…
Sending and receiving money is always a matter of prime importance as it involves hard-earned money. Overseas money transfers, especially create tension in the minds of the senders as the receiver is in a whole different country. So, no matter what offers an international money transfer service provides, tracking status…
Australia is one of the major migrant destinations of the people around the world for its multicultural tolerance, the standard of living, impressive career prospects, high-quality education, agreeable climatic conditions and many more. Australia hosts a population of 7.5 million migrants within its borders, which is likely to grow in…