Purpose of transaction definition
Purpose of transaction means an explanation about why a customer is conducting a transaction or the reason for which the funds will be used. Examples of purpose of transaction are: family support, education, medical, tourism, debt settlement, financial investment, direct investment, or trading etc. For verification of the purpose of transaction, documents may include any documentation proving the purpose for which the money will be used.
Purpose of transaction means an explanation about why a customer is conducting a transaction or the reason for which the funds will be used. For verification of the purpose of the transaction, documents may include any documentation proving the purpose for which the money will be used.
Purpose of transaction means purpose or reasons for the Transaction.