10.2 The Regime's Craft (the Functional Map)

The dealing's monopoly: the foreign exchange dealings by the NRB-licensed persons only (the authorised dealers — the banks-and-licencees (the free market's bar)); The payments-and-transfers: the external payments through the authorised channels (the declared purpose (the import's L/C, the travel's allowance, the service's remittance) — the ceilings-and-conditions (the NRB's directions)); The exports' proceeds: the export earnings repatriated through the banking system (the declaration-and-surrender discipline); The capital movements: the foreign investment's approval (the FITTA-and-NRB's gates), the borrowing-abroad's permission (the external loans' registration), the residents' foreign assets controlled; The hundi's prohibition: the informal channels barred (the hundi — the traditional underground remittance's criminalisation (the Banking Offence Act's companion — Unit 11)); The gold-and-valuables' faces: the precious metals' movement controlled (the smuggling's criminal track); The enforcement: the offences-and-penalties (the FERA's own sanctions + the modern AML overlay (the money-laundering's statute — the proceeds' crime's track)); the NRB's investigative-and-compounding powers.