Patent, trademark and copyright are different types of intellectual properties.

have reflected that a trade name is the name of the entity wherein trademark is what

appears on the packaging or in the product. An invention or an intellectual property

need to be of industrial use in order to be patentable. The requisite of a patent in the ph

are (1) It has to be fresh or innovative (it must not have been made or used before) (2)

It must entail a creative move (it must not be obvious to a person of ordinary skill in the

field concerned and (3) It must be utilized in industry (it must be susceptible of use in

some way. In Case of joint owners, the co owners shall be the original owners of the

copyright in absence of an agreement, but if the co owners can identify which part he

created, the each part shall be the original owner of the copyright he created. In case of

creation of intellectual property during employment, the copyright belongs to (A) the

employee, if the creation of the object is not part of the employees duty (B) The

Employer, if  if the work is the result of the performance of his regularly-assigned duties,

unless there is an agreement, express or implied, to the contrary.

The AMLC is composed of the Governor of the Bangko Sentral ng Pilipinas as

Chairman, and the Commissioner of the Insurance Commission and the Chairman of

the Securities and Exchange Commission as members. The Covered Persons

Supervised or Regulated by the Bangko Sentral ng Pilipinas (BSP) are (1) Banks , (2)

Offshore, (3) banking units (4) Quasi-banks,(5) Trust entities ,(6) Non-stock savings

and loan associations, (7) Pawnshops (8)Foreign exchange dealers and (9) Money

changers. The unlawful activities regarding Money Laundering are Placement, Layering

and Integration which this can be escaping taxes, escaping tariffs, avoiding customs,

hiding illegal money obtained from terrorist activity, drug money sent thru
cryptocurrency and many more. There are two types of Wire transfer and that is Local

and International which each of the two varies from time of delivery and its costs.

Covered transaction' is a transaction in cash or other equivalent monetary instrument

involving a total amount in excess of Five hundred thousand pesos (P500,000.00) within

one (1) banking day. Suspicious transaction' are transactions with covered institutions,

regardless of the amounts involved. Real property transaction means a transaction for

the sale of real property in which an agent is retained by a buyer, seller, or both a buyer

and seller.In Data Privacy Act, Data subject”refers to a individual whose personal,

sensitive personal, or privileged information is processed, while Data controller refers to

the one who stores the data. The Data Privacy Act is generally valid and applicable to

all individuals and legal bodies and persons that gather and process personal

information.

The Data Subject has right which are (1) right to be informed whether personal

data pertaining to him or her shall be, are being, or have been processed, including the

existence of automated decision-making and profiling (2)The data subject shall be

notified and furnished with information indicated hereunder before the entry of his or her

personal data into the processing system of the personal information controller, or at the

next practical opportunity and (3) Right to Erasure or Blocking.

The Ecommerce Act, This Act aims to recognize the authenticity and reliability of

electronic data messages or electronic documents related to such activities and to

promote the widespread use of electronic transactions in government and by the

general public. It also aims to facilitate domestic and international dealings,

transactions, arrangements, agreements, contracts, exchanges, and storage of

information using electronic, optical, and similar medium, mode, and technology. he

Department of Trade and Industry (DTI) shall direct and supervise the promotion and

development of electronic commerce in the country with relevant government agencies,

without prejudice to the provisions of Republic Act.