Escorted Transactions defined as?

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Escorted transactions are cross-border fund movements that occur with an escort accompanying the individual through the transfer. The presence of an escort is the defining feature, signaling that the transfer is being conducted with someone guiding or accompanying the customer, which is typically associated with international moves of cash or funds. This distinguishes it from ordinary domestic transfers, where no escort is involved, and from cash deposits or other types of transfers that don’t involve an accompanying person. While currency swaps or other complex international transfers can occur, they do not inherently imply an escort, making the escort element the key factor that makes a transaction an escorted one.