Quote:
Originally Posted by 189charlie
staying in phils for around 2yrs+ . next month going back singapore .
money was from some small business leftover . nothing else to buy or spend before going back to singapore already .
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If you are leaving the PI for good it is better to bring back all your funds..... having been resident there for 2 yrs I am sure you are aware that funds left inactive in PI banks have gone MIA.
This was told to me by an NBI investigator on how the scam works..... the banks will monitor accounts and those that have no movements for the past 6 months are flagged.... the bank will then check to see if there are funds in the account and who is the owner. If it belongs to a foreigner.... the scheme to milk the account of its funds is set in motion. They will send a letter to the owner's address in the PI (and 90% of the owners do not actually live at these addresses)..... and follow up with a reminder letter every month for the next few months..... when they do not get any response after several reminders the account us emptied of its funds.
If eventually the owner do turn up and discovers the loss of his money from his account and makes a report..... the NBI will nfa the case as per their directive. (It seems there is a regulation that bank account holders are required to furnish their resident address to the banks and remain contactable ....... failing which the banks has a right to do as they deem fit with the account after lapse of xxx period and efforts to establish contact). And until now nobody has ever sued the banks and got back their money.
