Along with people and money, international money transfer is one of them. Transferring funds from one account to another abroad via this method is the most convenient, straightforward, secure, and convenient option. Online transfer, telegraphic transfer, and wire transfer are all other names for it. This is actually used for a wide range of domestic and business purposes. It can be used to send money to a friend or relative who lives overseas when used for personal reasons; It can be put aside for a trip or other purpose, pay bills, or buy goods when used for business purposes. However, these financial transactions are subject to restrictions and quantity caps; The transaction might not go through if they are not followed. These laws have been enacted to stop money laundering and other illegal actions that use money for illegal or unapproved purposes.