Practice question
What knowledge is central to AMLA section 4’s principal laundering modes?
- Knowledge only of the bank’s opening hours
- Knowledge that the instrument or property represents, involves, or relates to proceeds of unlawful activity
- Only knowledge of a customer’s birthday
- Only knowledge that cash exists
- Only knowledge of a foreign exchange rate
Legal references
- https://lawphil.net/statutes/repacts/ra2013/ra_10365_2013.html — RA 10365, sections 4 and 5 amending AMLA sections 4 and 6
Answer this question in flashcards to review your response and continue practicing.