Info on Money Launderinf Law

[lorenzoleo]

Hi istoryans, please give some information about the Money Laundering law. What is the maximum cold cash that you can deposit directly to a bank? Is it true that you will be sanctioned for Money Laundering if you are depositing a million cold cash? or much better to deposit the money separatedly everyday?

[jeshcel]

Hi istoryans, please give some information about the Money Laundering law. What is the maximum cold cash that you can deposit directly to a bank? Is it true that you will be sanctioned for Money Laundering if you are depositing a million cold cash? or much better to deposit the money separatedly everyday?

basa lang ani boss... sa philippines gyud ni.

PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY

[cirext]

Hi istoryans, please give some information about the Money Laundering law. What is the maximum cold cash that you can deposit directly to a bank? Is it true that you will be sanctioned for Money Laundering if you are depositing a million cold cash? or much better to deposit the money separatedly everyday?

Not True. A million cold cash is not considered "big" at these times bro.

[o_bama]

Not True. A million cold cash is not considered "big" at these times bro.

True to some. kung driver ka or guard ka.That is highly qietionable and the bank has to do something as provided under the Money laundering law. The link is already there basaha nalng ninyo. Basta ang purpose sa law ky ang pag pugong sa mga tawo nga naka kwarta sa mga illegal na Mahugasan ilang kwarta mao nang anti money laundering ang pangan sa balaod.

[jeshcel]

True to some. kung driver ka or guard ka.That is highly qietionable and the bank has to do something as provided under the Money laundering law. The link is already there basaha nalng ninyo. Basta ang purpose sa law ky ang pag pugong sa mga tawo nga naka kwarta sa mga illegal na Mahugasan ilang kwarta mao nang anti money laundering ang pangan sa balaod.

so ing-ani nga case... what if in course of your life.. you invested mutual funds being a guard or a driver. when you become a senior citizen, you withdraw all your funds amounting to lets see 20 million. cod it mean nga imbestigahon ka sa government?

if that is, then what the fxxxx na xa... gi haguan nmo ug maayo unya ing-ana ka inig abot sa time. tungod kay security guard ka or driver ra ka, ing-anaon ka sa goberno.

mao na gi-ingon, if pobre maka kwarta ug dako2x, dudahan.... if dato mangwarta or mag big time nga syndicate, di gyud ma-question kay kunohay capable sila.


pagka toy2x nlang gyud. luoy gyud being a pobre sah? luoy gyud. the tooth of the law only bites the poor, yet the rich are immune.

[istoryamember]

so ing-ani nga case... what if in course of your life.. you invested mutual funds being a guard or a driver. when you become a senior citizen, you withdraw all your funds amounting to lets see 20 million. cod it mean nga imbestigahon ka sa government?

if that is, then what the fxxxx na xa... gi haguan nmo ug maayo unya ing-ana ka inig abot sa time. tungod kay security guard ka or driver ra ka, ing-anaon ka sa goberno.

mao na gi-ingon, if pobre maka kwarta ug dako2x, dudahan.... if dato mangwarta or mag big time nga syndicate, di gyud ma-question kay kunohay capable sila.


pagka toy2x nlang gyud. luoy gyud being a pobre sah? luoy gyud. the tooth of the law only bites the poor, yet the rich are immune.

If that is the case nga nag invest ka sa mutual funds or any other financial institution then wala kay kabalak-an kay naa na record daan from the legal institution. Bottom line is that, wala man ka angay kabalak-an as long as limpyo nga kwarta.

[jeshcel]

If that is the case nga nag invest ka sa mutual funds or any other financial institution then wala kay kabalak-an kay naa na record daan from the legal institution. Bottom line is that, wala man ka angay kabalak-an as long as limpyo nga kwarta.

wala bitaw kabalak-an bro, pro dont we think it will raise a red flag? though we know its clean but could it be nga ma-question gihapon ta? on how we accumulated it, i know they will still inspect records pro the "thought" nga ma-question ka? nindot kaha na nga feeling.

[brandnewbien]

wala bitaw kabalak-an bro, pro dont we think it will raise a red flag? though we know its clean but could it be nga ma-question gihapon ta? on how we accumulated it, i know they will still inspect records pro the "thought" nga ma-question ka? nindot kaha na nga feeling.

its what the law suggest man bro. follow lng ta

[cirext]

i understand.. it think this is a fair law..

[Metz]

so ing-ani nga case... what if in course of your life.. you invested mutual funds being a guard or a driver. when you become a senior citizen, you withdraw all your funds amounting to lets see 20 million. cod it mean nga imbestigahon ka sa government?

if that is, then what the fxxxx na xa... gi haguan nmo ug maayo unya ing-ana ka inig abot sa time. tungod kay security guard ka or driver ra ka, ing-anaon ka sa goberno.

mao na gi-ingon, if pobre maka kwarta ug dako2x, dudahan.... if dato mangwarta or mag big time nga syndicate, di gyud ma-question kay kunohay capable sila.


pagka toy2x nlang gyud. luoy gyud being a pobre sah? luoy gyud. the tooth of the law only bites the poor, yet the rich are immune.

bai, it will definitely set triggers if you move that amount ma pobre man o dato. but when they investigate, most likely you wont even now kay pag check palang sa paper trail makita naman sa imo records nga you withdrew from your mutual fund.

worst case scenario is you will get to talk to someone from the govt. as long as you can present records AND justify how you were able to invest that amount then there should be no problems.

SOP mana sa bank to declare to the gov't if naay huge movements of cash.
and naa nalang na sa govt if they will investigate.

but..... the govt has a crappy system, so don't expect too much
di pareha sa US nga maglisod jud ka tago sa imo money.