I lately used Binance P2P in Pakistan to sell crypto (USDT). I acquired a PKR cost in my checking account (round 150okay). After a couple of days, my bank restricted my account and requested me to signal an AML/source-of-funds declaration.
Additionally they flagged other accounts where I transferred the funds (together with a family member’s account).
I've:
● Binance order report (accomplished commerce)
● Transaction ID and screenshots
● Bank cost proof
Now I’m being requested to elucidate the supply of funds and signal documents.
My query for individuals with expertise in Pakistan:
● Is that this a standard AML verify for P2P trades now?
● Do banks often unblock after providing Binance proof?
● Is it safer to cease using P2P altogether or just change how it’s completed?
● What practices truly scale back these freezes?
Simply making an attempt to know how strict banks are presently with crypto-related P2P transactions.
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