University of San Jose - Recoletos

College of Commerce
Accounting & Finance Department

RFBT 4: Banking & Other Allied Laws

SY 2020-2021

Atty. Diana A. Velasco

Date: 8 November 2020

Assignment No.: 03
Week No.: 03 (9 November to 13 November 2020)
Coverage: Item I (a) of the Course Outline: R.A. No. 9576; RA No. 3591, as amended
Deadline: 5 November 2020, Thursday, 12:00 noon
Instructions:

1. All instructions should be HANDWRITTEN in yellow sheets of paper/bondpapers/notebook.

2. The handwritten answers should later be scanned and converted into ONE pdf file and uploaded in IMS.
3. All papers should likewise contain the FAMILY NAME of the student to be written at the top most part of the
first page of the papers.

IDENTIFY:

1. R.A. No. 1405, as amended, otherwise known as the SECRECY OF BANK DEPOSITS
1. Purpose
2. Prohibited acts
3. Deposits covered
4. Exceptions on deposits covered

2. R.A. No. 9160, as amended by RA No. 9194, 10167, 10365 and 10927, otherwise known as AMLA
1. Purpose, policies and Principles
2. Unlawful activities
3. Covered persons
4. Define: Money laundering, terrorism and financing and asset forfeiture
5. Preventive measures and obligations of covered persons
6. Prohibited accounts

3. R.A. No. 3765, otherwise known as the TRUTH IN LENDING ACT

1. Purpose
2. Obligation of creditors to persons to whom credit is extended
3. Covered and excluded transactions
4. Consequences of non-compliance with obligation

NOTHING FOLLOWS.