Practice question
A covered real estate broker handles a single P8 million cash transaction. Which specific covered-transaction threshold is relevant for that sector?
- Only P4 million over five days
- Only the customer's preferred ceiling
- No amount rule can apply to real estate
- Only the original price of the broker's office
- The single-cash-transaction amount in excess of P7.5 million
Legal references
- RA 11521 Section 2, amending AMLA Section 3(b)-(b-1): https://lawphil.net/statutes/repacts/ra2021/ra_11521_2021.html
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