Practice question
A person opens a financial account using another person’s identification documents. The prosecution invokes Section 5(c), not the separate money-muling provision requiring the specified known-proceeds purpose. Which is correct?
- Section 5 contains no account-opening offense.
- Every Section 5 charge requires proof of three conspirators.
- Every such account is lawful if no completed withdrawal is proved.
- The statutory text addresses only paper checks.
- Section 5(c) expressly identifies that account-opening act as a separate offense.
Legal references
- RA 12010, Sections 3-5 and 16, AFASA definitions, separate offenses and penalties: https://lawphil.net/statutes/repacts/ra2024/ra_12010_2024.html
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