Covered Persons and Their Obligations

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1. Which is a covered person under AMLA? Multiple Choice Easy
2. Which sector was expressly added to covered persons by RA 11521? Multiple Choice Easy
3. To which body must covered persons submit AMLA covered and suspicious transaction reports? Multiple Choice Easy
4. A business routinely acts as formation agent for juridical persons for third parties. It argues only banks can be cover… Multiple Choice Medium
5. A covered bank keeps transaction records only until the customer closes the account, even though the applicable five-ye… Multiple Choice Medium
6. A real estate broker accepts a transaction showing clear suspicious indicators but says the amount is below the sector'… Multiple Choice Hard
7. An offshore gaming operator invokes the old AMLA listing of offshore gaming operators as covered persons as proof it ma… Multiple Choice Hard
8. Identify the core customer-identification, recordkeeping and reporting duties under AMLA. Essay Medium
9. Does every lawyer automatically have to reveal every privileged client communication merely because AMLA lists certain … Essay Medium
10. Explain RA 12312's relevance to AMLA without treating it as a general license for offshore gaming. Essay Medium
11. Under AMLA customer-identification rules, what is prohibited concerning account identity? Multiple Choice Easy
12. For a corporate client, what does AMLA Section 9(a) require beyond accepting the entity's name? Multiple Choice Easy