Encyclopedia
Cross-border transfer of funds
Cross-border money transfer - a money transfer, during which the payer or recipient is located outside of the Russian Federation, and (or) a money transfer, during which the payer or recipient is serviced by a foreign central (national) bank or a foreign bank1.
Federal Law No. 161-FZ dated June 27, 2011 "On the National Payment System", as amended on September 29, 2011, Article 3, subpara. 13 // RSZ RF. 2011. No. 27. Art. 3872. ↩