Practice question
Under AMLA Section11 as amended by RA10167, what defines the relevant related accounts?
- Accounts whose funds and sources originated from or are materially linked to the instruments or property subject of freeze orders
- Every account held anywhere by anyone with the same surname
- Every account in the same branch regardless of connection
- Only accounts owned by a bank officer
- Only accounts created after a final conviction
Legal references
- RA10167 Section2 amending AMLA Section11: https://lawphil.net/statutes/repacts/ra2012/ra_10167_2012.html Definition of related accounts.
Answer this question in flashcards to review your response and continue practicing.