Practice question
AMLC seeks freezing of specified and materially linked accounts. The covered bank identifies and verifies an account as related under the defined criteria. It claims that its verification replaces any independent CA probable-cause finding. Under Manganip2025 MAIN, which answer is correct?
- The CA independently determines probable cause; the bank identifies and verifies related accounts under the order and defined criteria
- The bank alone adjudicates judicial probable cause
- Every account with a similar surname must be frozen without a defined link
- AMLC may omit all account particularity because banks know their customers
- Related accounts can never be included even if legally and factually linked
Legal references
- Manganip v. Republic, GR222312–222315, May20 2025, Dimaampao MAIN: https://lawphil.net/judjuris/juri2025/may2025/gr_222312_2025.html MAIN concluding guidelines and discussion of covered-person verification.
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