Practice question
Does AMLA's reporting safe harbor concern only suspicious reports, excluding qualifying covered-transaction reports?
- No; it expressly extends to covered or suspicious transaction reports.
- Yes; covered reports are categorically excluded.
- Yes; only a report to a newspaper qualifies.
- No; because it protects every act of the reporting person for life.
- Yes; only reports filed after conviction are covered.
Legal references
- RA 9194, Sections 1-2 and 6, AMLA transaction definitions and Section 9(c) safe harbor: https://lawphil.net/statutes/repacts/ra2003/ra_9194_2003.html
- RA 10365, Sections 1 and 7, covered persons and reporting amendments: https://lawphil.net/statutes/repacts/ra2013/ra_10365_2013.html
- RA 11521, amended covered-person and covered-transaction provisions: https://lawphil.net/statutes/repacts/ra2021/ra_11521_2021.html
- RA 12312, Sections 8 and 17, Anti-POGO Act AMLA amendment: https://lawphil.net/statutes/repacts/ra2025/ra_12312_2025.html
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