the monitor

The ugly side of cash transactions

Lame Seribe
Lame Seribe

Every jurisdiction has a cash threshold limit as per its risk-based matrices to ensure that measures to mitigate Money Laundering, Terrorist, and Proliferation Financing (ML/TF/PF) are within the national risk appetite.

The cash threshold refers to the total amount that an individual or entity can receive, carry around, or payout in the form of cash.

Cash transaction makes the first stage of money laundering known as Placement practical.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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