May Alam Ka Ba Sa Anti Money Laundering Law?

[Kimyo]

Ginawa ko itong thread na ito para malaman ng mga kababayan natin na may pagkakataong tayo ay makwestyon dahil sa pera natin na inilalabas once kinonvert natin si bitcoin sa fiat currency and winithraw mapa bangkko man yan o remittances.

Dito kasi papasok yung batas once naging fiat currency na.

I will qoute,

"H. “Suspicious Transaction” refers to a transaction, regardless of amount, where any of the following circumstances exists:

1. there is no underlying legal or trade obligation, purpose or economic justification;

2. the client is not properly identified;

3. the amount involved is not commensurate with the business or financial capacity of the client;

4. taking into account all known circumstances, it may be perceived that the client’s transaction is structured in order to avoid being the subject of reporting requirements under the AMLA;

5. any circumstance relating to the transaction which is observed to deviate from the profile of the client and/or the client’s past transactions with the covered person;

6. the transaction is in any way related to an unlawful activity or any money laundering activity or offense that is about to be committed, is being or has been committed; or

7. any transaction that is similar, analogous or identical to any of the foregoing.


I. “Client/Customer” refers to any person who keeps an account, or otherwise transacts business with a covered person. It includes the following:

1. any person or entity on whose behalf an account is maintained or a transaction is conducted, as well as the beneficiary of said transactions;

2. beneficiary of a trust, an investment fund or a pension fund;

3. a company or person whose assets are managed by an asset manager;

4. a grantor of a trust; and

5. any insurance policy holder, whether actual or prospective.
"
end of qoute

Read full article about this Law: www.amlc.gov.ph/laws/money-laundering/2016-revised-implementing-rules-and-regulations-of-republic-act-no-9160-as-amended

Yan ang maaaring masita sa inyo.

Kung ma encounter nyo man ang pagkakataon na iyon, dahil para sa iba ay kwestiyonable ang nakukuha nating pera galing cryptocurrency, sa kadahilanan na hindi nila alam ang cryptocurrency ay ipaliwanag nyo lamang na hindi galing investment scheme/ponzi scheme/networking ang inyong pera. May situation din na kwestyunin ang estado mo sa buhay dahil imposible sa lifestyle natin ang magkaroon ng pera, una wala silang paki , AMLC lang may karapatan magsiyasat, pangalawa , sigurado ako na alam nila ang cryptocurrency. siguraduhin laang na sa malinis galing ang crytpo ninyo na naagtetrade kayo at pinagtatrabaahuhan nyo din , hindi galing dapat sa nabanggit na bawal.


Sa susunod na Thread tungkol naman sa Tax, dahil once na naging pera yan, at malaki ang hawak mong pera mapa personal man o nasa bangko ano ang masasabi mo?

EDITED : For Millionaires only

Dyan din kayo papunta

[Kimyo]

About sa tax meron na pala nag open ng thread about dun , kung nakita ko na may kulang pa at may idadagdag , ilink ko na lang dito at doon na lang ako mag rereply , total eh marami na ang nag comment doon,

Link About sa discussion ng tax once na convert into  fiat currency:
https://bitcointalk.org/index.php?topic=2326383.0

[cryptuko]

Naging Financial & Insurance advisor ako. Mahirap ma flagged as suspicious na account. Mafifreeze assets mo.

Kaya ang ginagawa ni CoinsPH para maging compliant sa BSP is yung KYC -Know Your Customer/Client. Kaya wag mo ipagamit, ibenta or gawing medium sa illegal transactions ang CoinsPH wallet nyo kasi pwede kayo makulong.

Sa banks naman wag palagpasin sa 400K ang deposit and withdrawals nyo kasi mafaflagged kayo as suspicious ng AMLC. Unless may existing business ka na of course makikita galaw ng pera mo sa balance sheets mo.

Yun lang mashishare ko.

[nappoleon]

That's actually bullshit, it has been proven historically that banks themselves are the biggest money launderers. Who ever made this into law surely didn't take into consideration decentralize systems.

[Danrose]

Konti lang po. Ang laang-gugulin sa pera ay isang gawa o serye o kumbinasyon ng mga gawain kung saan ang mga kalakal ng isang labag sa batas na aktibidad, maging sa salapi, ari-arian o iba pang mga ari-arian, ay nakumberte, nakatago o nakakubli upang gawin itong lumitaw na nagmula sa mga lehitimong mapagkukunan. Ang isang paraan ng laundering pera ay sa pamamagitan ng sistema ng pananalapi. Ang Batas sa Republika No. 9160, na kilala rin bilang Anti-Money Laundering Act of 2001 (AMLA), na sinususugan, ay tinukoy na money laundering bilang isang pamamaraan kung saan ang mga nalikom ng isang labag sa batas na aktibidad ay transacted o sinubukang i-transact, sa gayon ay ang mga ito ay lumilitaw na magkaroon ng nagmula mula sa mga lehitimong pinagkukunan.

[Lorna111]

Ginawa ko itong thread na ito para malaman ng mga kababayan natin na may pagkakataong tayo ay makwestyon dahil sa pera natin na inilalabas once kinonvert natin si bitcoin sa fiat currency and winithraw mapa bangkko man yan o remittances.

Dito kasi papasok yung batas once naging fiat currency na.

I will qoute,

"H. “Suspicious Transaction” refers to a transaction, regardless of amount, where any of the following circumstances exists:

1. there is no underlying legal or trade obligation, purpose or economic justification;

2. the client is not properly identified;

3. the amount involved is not commensurate with the business or financial capacity of the client;

4. taking into account all known circumstances, it may be perceived that the client’s transaction is structured in order to avoid being the subject of reporting requirements under the AMLA;

5. any circumstance relating to the transaction which is observed to deviate from the profile of the client and/or the client’s past transactions with the covered person;

6. the transaction is in any way related to an unlawful activity or any money laundering activity or offense that is about to be committed, is being or has been committed; or

7. any transaction that is similar, analogous or identical to any of the foregoing.


I. “Client/Customer” refers to any person who keeps an account, or otherwise transacts business with a covered person. It includes the following:

1. any person or entity on whose behalf an account is maintained or a transaction is conducted, as well as the beneficiary of said transactions;

2. beneficiary of a trust, an investment fund or a pension fund;

3. a company or person whose assets are managed by an asset manager;

4. a grantor of a trust; and

5. any insurance policy holder, whether actual or prospective.
"
end of qoute

Read full article about this Law: www.amlc.gov.ph/laws/money-laundering/2016-revised-implementing-rules-and-regulations-of-republic-act-no-9160-as-amended

Yan ang maaaring masita sa inyo.

Kung ma encounter nyo man ang pagkakataon na iyon, dahil para sa iba ay kwestiyonable ang nakukuha nating pera galing cryptocurrency, sa kadahilanan na hindi nila alam ang cryptocurrency ay ipaliwanag nyo lamang na hindi galing investment scheme/ponzi scheme/networking ang inyong pera. May situation din na kwestyunin ang estado mo sa buhay dahil imposible sa lifestyle natin ang magkaroon ng pera, una wala silang paki , AMLC lang may karapatan magsiyasat, pangalawa , sigurado ako na alam nila ang cryptocurrency. siguraduhin laang na sa malinis galing ang crytpo ninyo na naagtetrade kayo at pinagtatrabaahuhan nyo din , hindi galing dapat sa nabanggit na bawal.


Sa susunod na Thread tungkol naman sa Tax, dahil once na naging pera yan, at malaki ang hawak mong pera mapa personal man o nasa bangko ano ang masasabi mo?

EDITED : For Millionaires only

Dyan din kayo papunta

Under the Law, any money transfer more than and above of 500,0000.00 the receiving Bank of such transfer have to notify the Central Bank of such activity
Kaya po sa lahat ng may transaksyon sa Bangko, Magpapadala o tatanggap ng malaking halaga dapat po isa isip po Natin na may Banking Regulations from the Centarl Bank
ito po ay pwedeng magbigay ng malaking problema sa Atin lahat, FYI. Transact your Business Legally.

[Dhilan]

ung mababasa ito ng mga kababayan naten, maiintindihan nila na once na lock ang account nila sa coinsph, required talagang makausap nila ang team ng coinsph para maliwanagan kung san galing ang pera at para marelease sa kanila.

[Genzdra24]

Hi Pag sinabi Anti Money Laundering is:

is the process of transforming the profits of crime and corruption into ostensibly "legitimate" assets.[1][2] The dilemma of illicit activities is that it is often a problem spending the proceeds of such activities without raising the suspicion of law enforcement agencies. Accordingly, considerable time and effort is put into devising strategies which enable the safe use of those proceeds without raising unwanted suspicion. Such strategies are generally called money laundering. After money has been suitably laundered or “cleaned”, it can be used in the mainstream economy for accumulation of wealth, such as acquisitions of properties, or otherwise spent. Law enforcement agencies of many jurisdictions have set up sophisticated systems in an effort to detect suspicious transactions or activities, and many have set up international cooperative arrangements to assist each other in these endeavours.

In Other words: napaka delikado pag po ito kapag nahuli ka. Nilagdaan  ni Presidente Arroyo ang Anti Money Laundering bill para maging batas.

Have a nice day!

[melgar]

Philippine Anti-Corruption/Anti-Money Laundering Laws.

Revised penal Code (crimes committed by Public Officers)

*Direct, Indirect and Qualified Bribery
*Malversation of Public Funds or Property and Technical Malversation.
*Frauds anf Illegal Exactions and Transactions.

Republic Act (RA) 3019 (Anti-Graft and Corrupt Practices Act)

*Sec 3 (e) - Causing undue injury to any party, including the Government.
*Sec 3 (g) - Entering into a contract grossly or manifestly disadvantageous to the Government
*Sec 7 -Public disclosure and annual assets, liabilities, and net-worth..


sana po makatulong ito..

[emig]

nagtrabaho ako dati sa mini-international remittance company at malimit dito nagkakaproblema yun mga nagpapadala ng pera pabalik sa ating bansa.  Kahit pa nga legitimate yun source ng pera like accumulated savings mo yun sa trabaho tulad ng mga nurses sa overseas (usually sila yun mga clients namin).  

Minsan may mga nagpapadala ng malalaking amount na umaabot sa half million pesos.  Sa ganong pagkakataon eh viniverify muna namin sa client kung may sapat na AMLA required documents siya like proof of residence at maging yun tungkol sa work niya.  Kung hindi siya maka provide nun, hindi namin pinapayagan na matuloy yun transaction kasi damay din ang company namin kapag may nag question sa kanya.

Ganon din marahil ang dilemma ng coins.ph, ang pagkakaiba lang sa aming case ay malinaw naming iniinform ang client regarding dun sa AMLA at hindi basta na lang mawawala yun pera nila.  May concern yun company namin sa client para hindi sila mawalan ng pera.  Yun coins.ph ay baka kulang sa manpower kaya hindi nila ma-assist yun mga client nila since almost automated ang transaction sa kanila, pero at least sana may disclaimer sila para inform ang mga tagatangkilik nila.

[cbdrick12]

About money laundrring acts, is an act of "washing" the money or the tax off your earned cash which is illegal. For example: kumita ka ng pera mula sa illegal gambling or what, idadaan mo yung pera sa ibang legal business para maging legit ito and I think aware naman ang mga tao sa cryptocurrency, it even has an online wallet which is recognized by both banks and the government.

[nak02]

Nong una sasagutin ko sana itong thread ng 'juice me you marimar' pwedi namang mag research sa internet since most common laws are published in the internet for every citizen to know it, buti na lang Bina said ko muna...

Kaya po may limitation yong withdrawal and deposit sa coins.ph to protect also their member for being accused as one kaya yong iba po diyan wag puro angal

It is not that tamad siya but out of curiousity naisip nila to then instead na pagalitan let us give our insights nalang kasi baka naghahanap din siya kung sino na nakaencounter ng mga ganung bagay.

Anyway, sa akin kasi wala pa naman pati sa pamilya ko na naka encounter ng ganito.