I guess so, my account is an old one, AFAIR, it was created last 2015 and I have upgraded it to level 4 once through submission of ID and water bill.
2014 naman yung account ko but still hindi nangyayari sakin yung nangyayari sa inyo, hindi ko alam pero baka sobrang laki kasi ng mga transactions nyo hehe
Wrong, it's 500K php for one day and that is called covered transactions, AFAIK, AMLA reporting is for two types of transaction, there are covered transactions and suspicious transactions which irregardless of the amount.
Check this definition by BSP- http://www.bsp.gov.ph/regulations/laws_aml2003.asp
Check this definition by BSP- http://www.bsp.gov.ph/regulations/laws_aml2003.asp
Quote
"(b) 'Covered transaction' is a transaction in cash or other equivalent monetary instrument involving a total amount in excess of Five hundred thousand pesos (P500,000.00) within one (1) banking day."
so ayun 500k pala, pagkakaalam ko kasi 400k daily yung medyo mainit sa mata
