Mumbai: Non-bank entities facilitating outward remittances will no longer require prior approval from the Reserve Bank of India (RBI) to enter into tie-ups with authorised dealer banks, the regulator said in a revised sectoral framework published Wednesday.The framework shifts regulatory focus away from ex-ante approvals toward compliance, transparency and consumer protection obligations at regulated banks facilitating the transactions.RBI said authorised dealers must continue to comply with existing foreign exchange rules while facilitating cross-border outward remittances.Also Read: DRI, Customs officers to intensify vigil on gold smuggling post import duty hikeInformation like the total estimated cost of the transaction along with break-up of the exchange rate (interbank rate and mark-up separately), service charges, other charges with description and the exact amount to be credited to beneficiaries abroad must be included upfront, leaving no room for any ambiguity, the central bank said.At the same time, the banking regulator has tightened operational safeguards around customer protection and fund handling. The guidelines require banks to ensure that customer funds never flow into third-party accounts in India and remain ringfenced from insolvency risks.Transactions must originate from the remitter's bank account and terminate directly in the beneficiary's bank account, said the revised guidelines.Under the new rules, authorised dealers will remain fully responsible for compliance with the Foreign Exchange Management Act (FEMA), customer due diligence and grievance redressal, even where remittance services are offered through third-party platforms, RBI said.