I lately used Binance P2P in Pakistan to sell crypto (USDT). I acquired a PKR cost in my checking account (around 150okay). After a number of days, my financial institution restricted my account and requested me to sign an AML/source-of-funds declaration.
Additionally they flagged other accounts where I transferred the funds (together with a member of the family’s account).
I have:
● Binance order report (completed commerce)
● Transaction ID and screenshots
● Financial institution cost proof
Now I’m being requested to elucidate the supply of funds and signal paperwork.
My question for individuals with experience in Pakistan:
● Is that this a standard AML verify for P2P trades now?
● Do banks often unblock after offering Binance proof?
● Is it safer to cease using P2P altogether or just change the way it’s carried out?
● What practices truly scale back these freezes?
Simply making an attempt to know how strict banks are at present with crypto-related P2P transactions.
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