Practice question
A court finds probable cause that P2,000,000 in an account represents predicate proceeds, while the account also contains P5,000,000 not covered by that finding. An ordinary AMLA freeze is sought over the whole amount solely because it is one account. Which is correct under RA 11521?
- The account label automatically permits freezing every peso
- The statutory order must be limited to the amount or value supported by the proceeds finding and does not extend to the excess merely because it shares the account
- Only the largest amount matters
- Any amount may be frozen indefinitely without a finding
- The lawful balance automatically becomes proceeds
Legal references
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/92723 — RA 11521, sections 3 and 5 amending AMLA sections 7 and 10
- https://lawphil.net/statutes/repacts/ra2012/ra_10167_2012.html — RA 10167, section 2 amending AMLA section 11
- https://lawphil.net/statutes/repacts/ra2013/ra_10365_2013.html — RA 10365, section 9 amending AMLA section 12
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