Practice question
A bank officer makes a suspicious transaction report in regular duties and good faith. Investigation later establishes an innocent explanation and no prosecution follows. Does that outcome alone defeat safe harbor?
- Yes, every unprosecuted report is malicious
- Yes, innocent explanations erase all reporting duties
- Yes, a reporter guarantees every suspicion
- No, protection does not depend on prosecution, subject to the established statutory conditions
- No, because no report can ever be challenged for any reason
Legal references
- AMLA Section 9(c), as amended by RA 9194 Section 6; malicious reporting Section14(c), amended by Section9: https://lawphil.net/statutes/repacts/ra2003/ra_9194_2003.html
- RA 10365 Section 7, reporting confidentiality: https://lawphil.net/statutes/repacts/ra2013/ra_10365_2013.html
Answer this question in flashcards to review your response and continue practicing.