GROUP 1

ANTI-MONEY LAUNDERING ACT

QUESTIONNAIRES

 A transaction in cash or other to any contractual or legal

equivalent monetary instrument relationship between the parties
exceeding Five Hundred thereto.
Thousand pesos (Php500,000.00)
a) Offender
a) Covered transaction b) Proceeds
b) Suspicious transaction c) Transaction
c) Monetary Transaction d) Supervising Authority
d) AMLA

 These Rules shall take effect

 Refers to the financial intelligence fifteen (15) days after complete
unit of the Republic of the publication in the Official Gazette
Philippines which is the or in a newspaper of general
government agency tasked to circulation.
implement the AMLA.
a) Repealing Clause
a) “Anti-Money Laundering b) Separability Clause
Council” (AMLC) c) Cost and expenses
b) “Anti-Money Laundering Act” d) Effectivity
(AMLA)
c) EITHER A OR B
d) BOTH A AND B  Any person who, with malice, or
in bad faith, reports or files a
completely unwarranted or false
 Refers to any natural or juridical information relative to money
person laundering transaction against
any person shall be subject to a
a) PERSON penalty of six (6) months to four
b) OFFENDER (4) years imprisonment and a fine
c) THE EXECUTIVE DIRECTOR of not less than One Hundred
d) TRUSTEE, NOMINEE AND AGENT Thousand Philippine Pesos
ACCOUNTS (PHP100, 000.00) but not more
than Five Hundred Thousand
Philippine Pesos (PHP500, 000.00),
 Refers to any person who at the discretion of the court:
commits a money laundering Provided, That the offender is not
offense. entitled to avail the benefits of
the Probation Law.
a) OFFENDER
b) PERSON a) Penalties for Malicious
c) ANTI MONEY LAUNDERING Reporting
COUNCIL b) Penalties for Breach of
d) SUPERVICING AUTHORITY confidentiality
c) Administrative sanctions
d) Cost and expenses
 Refers to any act establishing any
right or obligation, or giving rise
 GROUP 1
ANTI-MONEY LAUNDERING ACT
QUESTIONNAIRES
 These Rules shall take effect
fifteen (15) days after complete
publication in the Official Gazette
or in a newspaper of general
circulation.
a) Separability Clause
b) Effectivity
c) Budget
d) Repealing clause
 Refers to the Bangko Sentral ng
Pilipinas (BSP), the Securities and
Exchange Commission (SEC), the
Insurance Commission (IC), or the
relevant regulatory bodies of the
Designated Non-Financial
Businesses and Professions
enumerated under Rule 3.E.4, or
other government agencies
designated by Law.
a) Anti-Money Laundering Act
b) Person
c) Supervising Authority
d) Anti-Money Laundering Council
 Refers to any act establishing any
right or obligation, or giving rise
to any contractual or legal
relationship between the parties
thereto. It also includes any
movement of funds by any means
with a covered person.
a) SUPERVISING AUTHORITY
b) MONETARY INSTRUMENT
c) TRANSACTION
d) PERSON
 The regional trial courts shall
have jurisdiction to try all cases
on money laundering. Those
committed by public officers and
private persons who are in
conspiracy with such public
officers shall be under the
jurisdiction of the Sandiganbayan.
a) SEC. 2. Declaration of Policy.
b) SEC. 4. Money Laundering
Offense.
c) SEC. 5. Jurisdiction of Money
Laundering Cases.
d) SEC. 6. Prosecution of Money
Laundering.
 “Anti-Money Laundering Act”
(AMLA) refers to
a) Republic Act No. 9161, as
amended by Republic Act Nos.
9194, 10167 and 10365.
b) Republic Act No. 9163, as
amended by Republic Act Nos.
9194, 10167 and 10365.
c) Republic Act No. 9160, as
amended by Republic Act Nos.
9194, 10167 and 10365.
d) Republic Act No. 9165, as
amended by Republic Act Nos.
9194, 10167 and 10365.
 AMLA Rules shall take effect __
days after complete publication in
the Official Gazette or in a
newspaper of general circulation.
a) Five (5)
b) Ten (10)
c) Fifteen (15)
d) Twenty (20)
 Which of the following is not
minimum information/documents
that shall be obtained from
individual customers?
a) Name
b) Nationality
 GROUP 1
ANTI-MONEY LAUNDERING ACT
QUESTIONNAIRES
c) Contact numbers
d) Source of strength
 “Malversation of Public Funds and
Property” is under ______
a) Articles 217 and 222 of the
Revised Penal Code
b) Articles 217 and 222 of the
Penal Code
c) Articles 222 and 217 of the
Revised Penal Code
d) Articles 222 and 217 of the
Penal Code
 What unlawful activity is under
Republic Act No. 7080?
a) Kidnapping for Ransom
b) Plunder
c) Swindling
d) Hijacking
 The patriot act does not require
which of the following as part of
an appropriate aml program?
a) Appointment of compliance
officer written
b) Policies and procedures
c) Independent review of the
program
d) Mandatory drug screening
 Employee training programs
should :
a) Include all existing and new
employees
b) Be ongoing and updated to
include new changes in the law
and industry
c) Be documented and confirmed by
appropriate testing
d) All of the above
 What act is aimed at the
providing stronger surveillance
powers, strengthening criminial
laws against terrorism, and
combating money laundering?
a) Ofac
b) Bsa
c) Identity theft act
d) Usa patriot act
 Launderers might attempt a
series of small currency
transactions over time because
a) Wiring money to a foreign
country
b) Larger amounts are too risky to
carry around
c) Thats how launderers take in the
funds
d) A provision of the bank secrecy
act requires the filing of a ctr
for transactions exceeding
$10,000
 It refers to activities of one bank
having direct connection or
friendly service relations with
another bank.
a) Wire/Fund Transfers.
b) Correspondent Banking
c) Politically Exposed Persons
d) Unusual or suspicious patterns
of account activity
 It includes such facts and
circumstances which would lead a
reasonably discreet, prudent or
cautious man to believe that an
unlawful activity and/or a money
laundering offense is about to be.
 GROUP 1
ANTI-MONEY LAUNDERING ACT
QUESTIONNAIRES

a) Probable cause
b) Supervising Authority
c) Budget
d) Repealing clause

 It refers to any society,

association or corporation,
without capital stock, formed or
organized not for profit but
mainly for the purpose of paying
sick benefits to members, or of
furnishing financial support to
members while out of
employment.

a) Mutual Benefit Association

b) Insurance broker
c) Professional reinsurer
d) Insurance agent

 It includes any person,

partnership, association or
corporation that transacts solely
and exclusively reinsurance
business in the Philippines,
whether domestic, domestically
incorporated or a branch of a
foreign entity.

a) Professional reinsurer
b) Reinsurance broker
c) Insurance broker
d) Insurance agent