Practice question
An individual knows that a vehicle represents proceeds of an identified unlawful activity and knowingly uses it for personal travel. The Section4 requirements are otherwise proved. He argues the use mode fails solely because he never converted the vehicle into cash. Which answer is correct?
- Section4(b) expressly includes use; conversion into cash is not an additional universal requirement
- Use is never included
- Only monetary instruments can be proceeds under Section4
- Cash conversion is required for every listed mode
- Personal travel makes every unlawful source legally irrelevant
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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