AMLA

Under the current law, there are _____ predicate crimes.

• 14

• 15

• 34

• 36

Which is not a predicate crime to money laundering:

• Theft

• Swindling

• Plunder

• Violation of the E-Commerce Act

With the latest amendment in R. A. No. 11521, there are now ____ covered persons.

• three

• seven

• nine

• ten

Based on the amendment in R. A. No. 9194, the threshold amount for covered transaction reports is __________.

• in excess of four million pesos in five banking days

• in excess of four million pesos in one banking day

• in excess of five hundred thousand pesos in five banking days

• in excess of five hundred thousand pesos in one banking day

There are ______ circumstances by which a suspicious transaction report can be filed.

• seven

• six

• five

• eight

Under the AML Law, no administrative, criminal or civil proceedings, shall lie against any person for having made a covered or suspicious transaction report in the regular performance of his duties in good faith, whether or not such reporting results in any criminal prosecution under the AML Act or any other law. This is known as the :

• Whistleblowing Rule

• Regularity Rule

• Good Faith Clause

• Safe Harbor Clause

Under R.A. No. 10365, the jurisdiction to issue a freeze order is lodged with __________.

• Regional Trial Court

• Court of Appeals

• Supreme Court

• Anti-money Laundering Council

A freeze order shall be effective immediately, and which shall not exceed ____ months depending upon the circumstances of the case.

• three

• six

• nine

• twelve

Which predicate crime does not require a court order in order for the AMLC to conduct a bank inquiry on the accounts of a suspected money launderer?

• Plunder

• Bribery

• Kidnapping for ransom

• Violation of the Securities Regulation Code

The Anti-Money Laundering Council is composed of:

• The BSP Governor, the Chairman of the SEC and the Commissioner of Bureau of Custom

• The BSP Governor, the Chairman of the SEC and the Commissioner of Internal Revenue

• The BSP Governor, the Chairman of the SEC and the Commissioner of Insurance Commission

• The BSP Governor, the Commissioner of Internal Revenue and Commissioner of Insurance Commission