Practice question
A bank account includes proceeds for which probable cause exists and separate funds exceeding their value. What does the amended ordinary freeze provision say about the excess?
- The order does not extend to excess amounts on that basis
- Every peso is automatically forfeited
- All excess money becomes AMLC income
- The entire balance must be spent
- The account holder loses every civil right
Legal references
- RA11521, amended AMLA Sections8-A,10 and20: https://lawphil.net/statutes/repacts/ra2021/ra_11521_2021.html
Answer this question in flashcards to review your response and continue practicing.