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Are WRS transactions reported to the US and or Philippine government?

April 26, 2017government philippine reported transactions WRS

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Are WRS transactions reported to the US and or Philippine government?

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Reporting of transactions are limited to what is covered by the US and Philippine Laws on anti-terrorism and anti-money laundering (i.e. US Patriot Act, OFAC). Some WRS transactions may be reported to US regulatory entities. These are transactions that aggregate U$3,000 over a period of thirty days.