Bank accounts in Pakistan may get blocked or flagged due to Binance P2P (peer-to-peer) trading primarily because of regulatory concerns, suspicious transaction patterns, and violation of local banking laws. Here’s a breakdown of the main reasons:
🔒 1. Suspicion of Money Laundering or Fraud (AML/CFT Rules)
P2P trading involves direct transfers between buyers and sellers, often with no clear explanation for the money received.
Banks or the State Bank of Pakistan (SBP) may treat large or frequent unexplained incoming transactions as money laundering risks.
This leads to account freezing under anti-money laundering (AML) or counter-terrorism financing (CFT) laws.
💸 2. High Volume of Unusual Transactions
Regular deposits from multiple unknown people raise red flags.
P2P merchants often get payments from hundreds of different accounts.
This resembles informal remittance (hawala), which is illegal in Pakistan.
🏦 3. Violation of Banking Terms of Service
Personal bank accounts are meant for individual use, not for running high-volume trading businesses.
Using a personal account for commercial activity (like P2P trading) violates bank policies, resulting in blocks or permanent bans.
🧾 4. No Proof of Transaction Purpose
Banks may ask: "Why did you receive this money?"
If users can’t provide invoices or valid business proof, the account is considered risky.
🇵🇰 5. Pakistan's Restrictions on Crypto
While crypto is not fully banned, it is not recognized as legal tender, and the SBP has warned against its use.
Binance P2P directly connects to crypto, so involvement can get flagged even if you’re just a buyer/seller.
⚠️ 6. Fake Payment Scams and Fraudulent Reporting
Some P2P users receive fake proof of payment or file complaints after transferring money, accusing others of fraud.
This can result in FIRs or complaints that lead to account blocks or even criminal investigations.
✅ How to Protect Yourself:
Avoid using your main personal account for P2P trading.
Use dedicated accounts with clear record-keeping.
Always keep screenshots and payment receipts.
Don’t trade with users who have
low ratings or negative reviews.
Never accept or send third-party payments.