Practice question
A company processes transactions that constitute proved terrorism financing. Investigators seek imprisonment of every passive shareholder solely because of stock ownership, while ignoring which responsible officers participated, knowingly permitted the crime or met the other Section9 grounds. Which is best?
- Stock ownership alone conclusively supplies every criminal element
- Every company employee is automatically guilty
- Section9 identifies responsible-officer grounds; corporate association alone does not replace proof of those grounds
- Only the corporate logo can be prosecuted
- The company’s existence abolishes all personal liability
Legal references
- RA10168 Section9: https://lawphil.net/statutes/repacts/ra2012/ra_10168_2012.html
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