Legal Risks in Cross Border Remittances for Startups : A Study of FEMA, PMLA, and Global Compliance Obligations

Introduction : Cross-border remittance transfers of funds across national boundaries sit at the operational core of much of the startup economy. An Indian SaaS company invoicing a client abroad, a marketplace paying gig workers overseas, an e-commerce startup collecting export proceeds, or a venture receiving offshore investment are all, in law, participants in cross-border remittance transactions. India has long remained among the largest recipients of inward personal remittances globally,...