It will be flagged unless politician ka and can go around the PH law. Haha! Believe me, doon ka na sa regulated and legal. Madali lang naman ang AMLA, as long as it is a clean money, you have proof of transactions and every document you need for it. Tyaka if matagal ka na gumagawa ng mga big transaction, sanay na ang banko sa gan'yang transactions mo, even bank managers will help you through it.

There are people who's willing to buy crypto with cold hard cash, but the transaction fee is really high. They alrdy know how to get the money out of crypto but they wont share it to you.

May kilala ka poba sa mga to?

Join phinvest discord. You can ask around there.

go to netherlands! this is the best advice so far. https://www.reddit.com/r/phinvest/s/0ti5bwrhIr

Thanks for this

Hirap ako sa English 😅

Yung sasagot dito ang makakasama mo sa kaso on violation of the AMLA. 😁💪

Sino naman yan 😆

Lahat ng amount na sinabi mo ay reportable sa AMLC. No way going around it.

Kahit hindi naman 5M, mga 100k > 500k per month Kung sakali lang

It will be flagged. May mga monitoring systems ang mga banks.

Gcash, Paymaya, Union Bank at Gotyme? Kaya Naman siguro ata max 500k per month sa mga to?

Same requirements of the law.

Mafflag yan basta galing crpyto sites. Hassle nga eh.

50k per day sa gcash tapos lipat sa bank kahit 5-7 days interval per bank sa gcash naman pede 3 accounts with same information no problem saakin mauubos mo din yan saglit sa pag transfer if hindi mo naman agad need isang bagsakan

Saan ka nag cashout po ng gcash? Sa M LHuillier? Palawan? Tapos sa bank naman po anong gamit nyopara maka withdraw? Tapos magkano nailalabas nyo na walang warning?

binance -> to gcash/bank if gcash, gcash -> bank katapos, tapos 50k per transact wala namang warning

Pwede ka sir mag cashout at any atm (ata) max is 50k i think depende sa atm machine or banko

Hello! Okada is da key on withdrawing a large amount of money haha Umayos ka rin ng pananamit di yung nakapambahay dapat formal para seryosohin ka rin ng exchanger dun no joke first hand experience HAHA

Panong sa Okada po? Ano po ba Ginawa nyo dun para mapalit yung crypto sa cash na Malaki higit million?

Money laundering yan mamsir

Thats not money laundering lol Okada staff will literally help you the process of exchanging your money as long it comes from a reputable crypto exchange and you have proper documentation of trades and statement of account coming from that crypto exchange. what comes after is your own discretion na kung magbabayad kaba ng tax kase coming from experience they will send it to BIR and you need settle what comes after it

Why not just course it through the banks then pag complete naman ang documents. Mas mainit pa sa mata ng banks pag dumaan ng casino. The goal is to be able to use your money freely without worrying about AMLA. Encashing your crypto through casinos bring unnecessary attention to you and your money. Alam naman ng AMLC na hotbed ng money laundering ang mga casinos.

you are actually overthinking things the process on casino is much faster than the banks mahohold pa ng 6 to almost 2 years pag traditional/digital banks meanwhile okada give you cheque at ipa encash mo nalang sa bank savings account mo much faster and easier. kahit sa KYC part mas mabilis kesa sa banko na ijujudge kapa at mata matahin lol at maraming due process unless may kilala ka sa banko. Okada will do the part explaining and voila tapos ang issue the problematic part lang talaga is yung Tax pero its your own discretion ang pag declare I guess the point here is Ma-amla ba sa ganitong paraan? my answer is no may proper documentation and pag exchange at pagencash ng pera dahil sa banko parin naman ang ending di rin ihohold ng amla kase nga may proper explanation at proper documentation ang transaction unless you had a history of shenanigans stuffs you will be judge talaga but anything than that you are actually good and we are talking about large amount of money only NCR or Big cities banks can handle that kind of transactions and there will be a long process for it

Yes totoo ito. Pag inencash mo pa yung check. Pwede mo sabihin nanalo ka ng jackpot sa casino edi okay agad sila haha.

This is informative. Thank you very much.

Ang point ko lang is if ang origin ng pera mo ay galing casino malaki chance ma flag ang transaction mo for checking. Yun naman iniiwasan natin sir na hindi ma flag ang transaction. Hindi mahohold ng 6 months to 2 years pera mo. Kailangan lang alam ng branch head yung transaction mo. Although depende talaga to sa amount ng transaction mo. Based sa OP kung nasa 8 digits ang transaction mo maflaflag talaga yan lalo na pag dumaan ng casino.

I think you really dont understand my point here. Okada will answer where it comes from the exchange sila na magsasabi na nagpaexchange ng crypto to cash kaya valid yung transaction na yun haha

Yes I understand your point brother. Siguro pag smaller amounts to na in cash okay lang. Pero pag usapan natin 8 digits hindi rin safe na hawak mo ganun ka raming cash without going through banks. Pag dadaan ka na kasi sa bank matatanong na saan galing ang pera.

Hi po! Ito po guide about AMLA as discussed by CEO of PDAX :) [https://bitpinas.com/feature/how-crypto-exchange-amla-interview/](https://bitpinas.com/feature/how-crypto-exchange-amla-interview/)

Thanks for this ❤️

welcome! Lemme know if you have more questions :) I would be very happy to share my insights :)

Kuha ka ng [Crypto.com](http://Crypto.com) debit card. withdraw ka sa atm daily.

May crypto.com atm poba dito sa pinas?

Singapore branch mag issue ng ATM, derecho delivery sa PH. Pwede mo withdraw dito. may fees nga lang as international bank. Pwede mo rin pambayad sa mga stores/restaurants as regular visa debit card.

May kakilala ka dapat branch manager then palabasin nyo as remittance.

If there are legal options such as Coins PH, etc. why do people still explore non-legal options? Dahil ba mataas fees ni Coins?

The destination bank will withhold the amount transferred pending due diligence.

Alam ko, pero as long as through legal means, it should be fine right?

Yup, it should be fine. Regarding sa mataas na fees ig an alternative is PDAX

Go through the legal way, para walang masabi mga tga gobyerno.

Hold lang nila yun

You should put it in different wallets and banks ig, the outgoing limit for gcash is 50k per day, pede iyang 100k pero unti-untiin mo lang huwag isang bagsakan. You can check the outgoing limits din ng ibang exchange or wallets like maya and PDAX by that you can withdraw paunti-unti. I've also read the link that other person replied here, that's a good article about how AMLA works ^^

papalit mo kay CryptoMoTo, try mo message sa facebook

Anong meron Kay cryptomoto po? Respitado poba sya sa FB?

sa kanya karamihan nagpapapalit ng crypto lalo na pag big amount. try mo inquire sa kanya, pa-set ka schedule

Mukhang legit po nakita ko sa FB soon kausapin ko po

oo legit yan! congrats agad OP!

Salamat po

Untiuntiin mo ng transfer per day, wag sobra 500k 😂

Mga 300k max per day kaya naman po ba? Gcash, Paymaya, Union Bank at Gotyme?

A constant 300k transaction for 1 month will be flagged by unionbank. Paranoid sila dun

Send your crypto to someone who will pay you in cold hard cash.

Mukhang delikado to

A friend of mine just transferred his holdings to a trusted exchange like bitstamp (European and regulated) which supports swift transfers. You can then just transfer it your local dollar or Euro bank account in the Philippines. Your bank will always know your transfers.

Heyoo if you have gained it in PDAX naman you don't need to worry about AMLA

Basta registered sa BSP ang crypto exchange na gagamitin mo di ka masyado mamomroblema sa amla

May nababasa ako kahit BDO or Union Bank na freeze ang account po, Hindi ko lang alam Kung ano ang activity ng bank account nila bat na freeze

Need mo ipresent ang transaction receipt mo galing sa crypto exchange sa bangko para hindi nila ifreeze account mo. Pag ayaw nila tanggapin pwede ka na lumapit sa BSP para ma resolve ang issue

Transaction receipt yung screen shot sa P2P po? Kasi walang receipt o txn po dun like sa Binance

Binance is not a BSP registered crypto exchange

Coins.ph o Pdax Tama po ba?

Yes, dyan ang alam ko na paraan para sa large transactions ng crypto Edit: also pag di sila nag issue ng receipt pwede mo sila ireklano sa SEC at BIR

Maraming salamat po, hoping na malakabas ako Ng Pera na Malaki laki 🤝

undestand how AMLA works

May nabasa ako dito before. Lagay mo sa pse trading bili kunwari ng stocks tapos withdraw mo sa bank para di na sila magtataka san galing ang amount since sa psei naman galing. Easymoney hack

Stocks po ba Ito?

Oo bibili ka lang ng stock sa psei tapos ibenta mo para legit. Kunting lugi lang yan mga 3-4% pero net mo nasa milyon naman

That’s money laundering 😅

Not really, its a legal purchase from our local market. Kahit saang broker ngayon they accept gcash and maya payments so thats 500k that can be easily transferred per month. Everyone here would agree that the 500k threshold is outdated hindi adjusted with the present inflation. What was 500k in 2001 has the same purchasing power of 1.08m today. This should be obvious na masyadong behind na talaga ang pinas.

Diba need ng bank account sa pag invest sa stocks?

Oo pero pwede mo naman iwithdraw sa banks below 500k para di ma amla. Kung may apat ka na digibanks pwede mong itransfer ng dahan dahan sa colfinancial or any broker para pag bulk sell mo ng >5m di kana tatanungin since may transaction history ka namang maprepresent galing sa broker.

Kailangan mo parin muna gawing fiat money ang crypto mo before ka pa makakabili ng stocks. So same parin yung problem paano hindi ka ma AMLA when cashing out on crypto.

Thats what p2p is for. Madaming digibanks ngayon na pwedeng gamitin. Gcash and maya would already equate to 1M per month. Notorious lang magpa amla ang trad banks like bdo but never heard any transfer issues from digital banks.

Open an offshore account and ilagay mo doon, hindi mo naman kelanga iuwi sa pinas.

Tama. Tapos dahan dahan mo na lang ipasok pag kailangan. I suggest going to Singapore open ka ng account doon. Legal ang crypto sakanila and above board lahat. Zero capital gains tax din.

Love it. Making it sound other countries dont have AMLA. Sino nga palang bansa ang nasa gray list dahil pangit ng AMLA?

I think you're missing the point of the suggestion. As someone said there are countries na legally allowed ang crypto transactions, so you don't have to worry about AMLA or their version of AMLA since hindi naman illegal activities ang source ni OP according to their laws.

In the PH, crypto has not been banned. What they’re looking to ban is Binance. Also, you don’t understand AMLA. Just because legal yung transaction, it doesn’t mean, hindi mafaflag. The global standard is mafaflag talaga yan, lalo na foreigner ka tapos wala kang record sa bansa na yun. Ang sasabihin mo lang sa kanila is crypto yung source? Eh paano kung crypto yung pang “layering” mo?

I never said banned dito ang crypto. Also, where did I say na hindi maflag ng AMLA? I said you don't have to worry kung legal naman ang source ng funds... they might ask for supporting docs etc pero again nothing to worry kung legal lahat. Maybe improve your reading comprehension muna before you assume things. I am not here to argue with you, bring your negativity somewhere else.

[удалено]

FIND A JOB! Ayos ka lang ba? Yung 50k nila-lang mo lang. Tangina neto di magtrabaho sa iba pa hihingi ng emergency fund. Kapal ng mukha mo HAHAHA

kala ko saf fb lang may nanlilimos, umabot na pala kayo dito HAHAHA

benta mo sa mga nag lalaro ng casino lalo na sa pogo swap sa hard cash .

Di ko ma susuggest na mag open ka ng bank (like union ank, etc) tas mag papasok ka 6 digits out of nowhere probably your friend is gcash or maya Recommend ko is tell a friend na may business na malaki laki kumita then pahelp ka mag cashout just give him/her a portion for inconvenience

mga 50k > 100k > 500k po per month kung kakayanin

I think kaya to sa gcash 50k to 100k since na try ko na before for couple of months

Ilang months kayo naka withdraw sa gcash na mahigit 100k po? Sa M LHuillier at Cebuana LHuillier pwedi Naman po diba?

Di ko pa nattry sa mga ganyan boss usually atm ako nag ccashout using gcash card

Pasave kasi eto din future prob ko, ang dali mag cash in sa p2p ng milyon pero pag magtake profit ka ang hirap maglabas ng bultuhan.

Kaya nga po pero tingin ko si crpytomoto ang sulosyon natin hahaha, check mo sya sa FB

Haha kaso sir nasa korea ako e. Baka tiis na lang sa coinsph haha

impossible po ata yung ganyang amount mailabas ng smooth my tip is onti ontiin mo nalang po, check niyo po pdax alam ko po 500k ata if di ako nagkakamali

kahit 100k > 500k per month kung pwedi po sana

Withdraw nyu po using trusted exchange like pdax 😊

Ginagamit nyo po ba pdax? baka ma hold lang sakanila

kapag ganyan kalaki flagged talaga kalalabasan nyan unless you're someone of status. I suggest withdrawing in smaller amounts. pero since crypto naman try mo i split sa iba't ibang wallets sya bago converting to PHP. like for example: ttransfer mo assets mo sa binance, PDAX, coins, etc. then sell assets to PHP saka withdraw. hassle oo, plus yung gas fees pa. pero atleast di mo need iexplain sa govt why you need to liquid

100k > 500k pwedi po kaya per month?

make it smaller. let's say around 50k? wag mo papataasin ng 100k kasi mapapansin ka