The most common and most likely answer to this crossword clue is the 8 letter word TIMBUKTU
I've seen this crossword clue in Financial Times
T
I
M
B
U
K
T
U
More clues leading to the result TIMBUKTU
- Name given to male deer, say? Originally, the ungulates in some faraway place
- Man reportedly resisted university in a faraway place
- Rice, for one, but processed outside Britain
- Tiny pop star needing dollar also heard in Mali city
- Cambridge University withdrawing, but active around UK city
- Originally termed Islas Malvinas, this country’s in wild but remote location
- Kickapoo leader wearing tutu welcomes a doctor to faraway land
- Tim Burton’s first film for kids introduces this country to initially remote city
Buddy explains!
The straight part
We know that "a faraway place" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case a faraway place = timbuktu.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.