Practice question
A person knowingly conceals the beneficial ownership of property related to criminal proceeds but leaves the property openly displayed. All other Section4(c) elements are proved. Does visible physical location alone defeat the ownership-concealment mode?
- No; ownership or rights can be disguised even when the object is visible
- Yes; only physical hiding can constitute Section4(c) conduct
- Yes; every publicly displayed object is exempt
- No; because knowledge is never required
- Yes; concealment applies only to banknotes
Legal references
- RA10365 Sections4–5 amending AMLA Sections4 and6: https://lawphil.net/statutes/repacts/ra2013/ra_10365_2013.html AMLA Section4(b),(c),(f) and final paragraph.
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