Practice question
Can a transaction below the applicable covered amount be suspicious under AMLA?
- Never
- Yes, suspicious transactions are defined regardless of amount when a statutory circumstance exists
- Only if every customer agrees
- Only if reported by a competitor
- Only if all parties are foreigners
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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