Practice question
Under Section12, explain both equivalent-value forfeiture when the original property cannot be found with due diligence and the verified-petition remedy for a claimant asserting legitimate ownership of forfeited assets. State the statutory filing period for the latter.
Legal references
- RA10365 Section9 amending AMLA Section12: https://lawphil.net/statutes/repacts/ra2013/ra_10365_2013.html AMLA Section12(a)–(b).
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