Foreign Exchange Regulation
/ˈfɔːrən ɪksˈʧeɪnʤ ˌrɛɡjʊˈleɪʃən/
Definitions
- (n.) Legal framework governing the exchange, transfer, and control of foreign currencies within or across national borders.
The foreign exchange regulation requires banks to report large currency transactions to prevent money laundering.
Forms
- foreign exchange regulations
See also
Commentary
Often involves compliance with local central bank rules and international agreements; drafters should specify scope regarding currency types and transaction limits.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.