AMLA

Bettina is applying for a bank loan. The appraised value of house and lot used as security for the loan is Php 1,500,000.00. Php 1,000,000 portion is allocated to the land while the Php 500,000 is allocated to the house. How much is the maximum amount of loan that can be granted by the bank to Bettina ?

• 1,000,000

• 1,050,000

• 1,125,000

• 1,200,000

What kind of diligence is required by law to be observed by a bank when it comes to demand deposit, savings deposit, and time deposit ?

• Extraordinary diligence

• Ordinary diligence

• Diligence of a good father of a family

• Diligence of a good mother of a family

Which of the following is an unlawful act which can predicate the crime of money laundering ?

• Kidnapping for ransom

• Carnapping

• Fencing

• All of the above

If a transaction was determined to be both a covered transaction and suspicious transaction,

• It shall be reported as covered transaction

• It shall be reported as suspicious transaction

• It shall be reported as both covered and suspicious transaction

• It shall not be reported to AMLC

Which of the following is a suspicious transaction under AMLA ?

• A transaction in cash or other equivalent monetary instrument exceeding Php 5,000,000

• A transaction where the amount involved is not commensurate with the business or financial capacity of the client

• A transaction exceeding Php 1,000,000 in cases of jewelry dealers, dealers in precious metals, and dealers in precious stones

• A single casino cash transaction in excess of Php5,000,000 or its equivalent in any other currency