Practice question
AMLC seeks ordinary inquiry into a particular bank deposit. No statutory no-court-order exception applies. Which is required under section 11?
- A competent court’s order based on an ex parte application and the statutory probable-cause showing
- Only a newspaper allegation
- Only any teller’s curiosity
- No legal basis because all deposits are public
- Only the borrower’s business card
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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