Practice question
A foreign corporation routes funds through a Philippine intermediary to influence an election. The recipient knows the source but says the local transferor's name makes receipt lawful. Which is best?
- The intermediary does not cure the foreign source; direct and indirect receipt must be assessed
- Any local account removes restrictions
- Only physical foreign currency is covered
- Disclosure legalizes every source
- Foreign status is irrelevant
Legal references
- BP 881 Sections 95-96: https://lawphil.net/statutes/bataspam/bp1985/bp_881_1985.html
- RA 11232 Section 35(i): https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
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