Practice question
Which circumstance is expressly identified as suspicious?
- A transaction having a clear ordinary lawful purpose without other indicators
- A correctly identified customer alone
- Structuring perceived from all known circumstances to avoid reporting requirements
- A bank operating during business hours
- A client receiving an accurate receipt
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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