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$1000 anti-money laundering limit (AU)
 

So I've done research in regard to the $1000 limit but still couldn't get my answer.

Do they limit us if our account balance sits $1000 (either receive more than $999 at once or in multiple times), or account balance receive more than $999 since account has opened?

For example if I receive aud950 for my first ever payment then I withdraw the whole amount 950 to my bank and go through successfully, I receive the second payment with the same amount aud950, will I get limited and ask for IDs?

Anyone have knowledge with this?

I'm not certain but I believe it's $1,000 from account opening

:ranger:

It's when ur account gets above $1000 in funds
And it's best to keep it under $650
Once u go over they will ask u for information but u still hv access to funds