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  • Always Support Your Answers With The Constitutional Provisions, Pertinent Laws, Rules, And/Or Jurisprudence

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    Jungie Mablay Walac
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    The document provides instructions for answering 3 questions about anti-money laundering (AML) law in the Philippines. Respondents are directed to support all answers with relevant legal provisions and precedents. The questions inquire about: 1) the importance of AML law; 2) whether the AMLC can inquire about a suspected drug money bank account without a court order; and 3) which persons and institutions are covered under the AML Act.

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    Bus Law Quiz Amla

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    The document provides instructions for answering 3 questions about anti-money laundering (AML) law in the Philippines. Respondents are directed to support all answers with relevant legal provisions and precedents. The questions inquire about: 1) the importance of AML law; 2) whether the AMLC can inquire about a suspected drug money bank account without a court order; and 3) which persons and institutions are covered under the AML Act.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    13 views1 page

    Always Support Your Answers With The Constitutional Provisions, Pertinent Laws, Rules, And/Or Jurisprudence

    Uploaded by

    Jungie Mablay Walac
    The document provides instructions for answering 3 questions about anti-money laundering (AML) law in the Philippines. Respondents are directed to support all answers with relevant legal provisions and precedents. The questions inquire about: 1) the importance of AML law; 2) whether the AMLC can inquire about a suspected drug money bank account without a court order; and 3) which persons and institutions are covered under the AML Act.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Read each question carefully.

    Answer each numbered


    question and ALWAYS SUPPORT YOUR ANSWERS WITH
    THE CONSTITUTIONAL PROVISIONS, PERTINENT LAWS,
    RULES, AND/OR JURISPRUDENCE. A mere "yes" or "no"
    answer without any corresponding explanation or
    discussion may not be given full credit.

    1. Explain the importance of Anti-Money Laundering law in


    our country?

    2. AMLC sent a letter to ABC bank requesting for a bank


    inquiry regarding a savings dollar account of Maria Mario.
    AMLC suspected that the deposists in the said account
    came from the proceeds of selling dangerus drugs. Can
    AMLC inquire the savings dollar account of Maria Mario
    without a court order? Explain.

    3. Who are covered persons/institutions under Anti-Money


    Laundering Act?

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