Practice question
An offshore gaming operator invokes the old AMLA listing of offshore gaming operators as covered persons as proof it may lawfully continue operating after the Anti-POGO Act. It maintains AML compliance supplies a gaming license. Which is correct?
- Reporting status always authorizes every underlying business
- RA 12312 bans the defined offshore operations and makes its violations unlawful activity; AML coverage is not operating permission
- AMLA registration repeals the later ban
- Only tax payment determines legality
- The ban applies only outside the Philippines
Legal references
- RA 12312 Sections 2,4,8 and17: https://lawphil.net/statutes/repacts/ra2025/ra_12312_2025.html
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