BSP raises cash withdrawal threshold for dirty money checks to P1M

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has raised the cash withdrawal threshold that triggers enhanced due diligence, easing compliance for routine transactions while keeping tighter scrutiny on higher-risk activity. READ: bsp-caps-bank-cash-withdrawals-at-p500000-to-curb-laundering Under Circular No. 1230 dated Feb. 27, the central bank increased the threshold to P1 million from P500,000 following consultations with