The ₱500,000 Threshold: What You Need to Know Before Your Next Big Withdrawal
Large cash withdrawals aren’t banned, they’re just getting smarter. Learn how BSP Circular No. 1218 balances anti-money laundering security with customer convenience by focusing on a depositor’s “normal business activity” and risk profile. BSP Refines Rules for Large-Value Cash Withdrawals In an effort to tighten the net on money laundering without strangling legitimate commerce, the […]
