To: Vermont Lt
Most online accounts like that use Know YOUR CUSTOMER rules and they have to follow government rules regarding transfers. In the first part, (hypothetically) Schwab might not have the ability to move money from a SA bank to their US subsidiary. One way would be to have a business with foreign customers. Customers payments go to a bank outside South Africa and stay there. You pay local workers with local currency, and get local currency by for foreign currency.
50 posted on
10/17/2020 10:47:37 AM PDT by
SauronOfMordor
(A Leftist can't enjoy life unless they are controlling, hurting, or destroying others)
To: SauronOfMordor
...by exchanging foreign for local currency.
51 posted on
10/17/2020 10:51:48 AM PDT by
SauronOfMordor
(A Leftist can't enjoy life unless they are controlling, hurting, or destroying others)
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