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  • AMLA Law Portfolio Requirement

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    RyD
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    The document provides instructions for an assignment on the Philippines' Anti-Money Laundering Act (AMLA). Students must answer in handwritten form 9 questions about the purpose of the AMLA, the definition of money laundering, covered institutions and persons, covered and suspicious transactions, unlawful activities addressed by the AMLA, and the concept of safe harbor. Answers are due by February 2, 2023 at 5:30 PM and late submissions will not be given full credit.

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    The document provides instructions for an assignment on the Philippines' Anti-Money Laundering Act (AMLA). Students must answer in handwritten form 9 questions about the purpose of the AMLA, the definition of money laundering, covered institutions and persons, covered and suspicious transactions, unlawful activities addressed by the AMLA, and the concept of safe harbor. Answers are due by February 2, 2023 at 5:30 PM and late submissions will not be given full credit.

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    © All Rights Reserved
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    4 views1 page

    AMLA Law Portfolio Requirement

    Uploaded by

    RyD
    The document provides instructions for an assignment on the Philippines' Anti-Money Laundering Act (AMLA). Students must answer in handwritten form 9 questions about the purpose of the AMLA, the definition of money laundering, covered institutions and persons, covered and suspicious transactions, unlawful activities addressed by the AMLA, and the concept of safe harbor. Answers are due by February 2, 2023 at 5:30 PM and late submissions will not be given full credit.

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    © All Rights Reserved
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    ACCOUNTANCY DEPARTMENT

    -----------------------------------------------------------------------------------------------------------------------------------

    Anti-Money Laundering Act (R.A.9160 as amended by R.A. 9194 (2003), RA 10167 (2012), R.A. 10365
    (2013), R.A. 10927 (2017) and R.A 11521 (2021)

    Deadline: February 02, 2023 at 5:30 PM


    Late submissions will not be given any merit.

    Instructions:
    a. Print a copy of this page in a long bond paper.
    b. In a separate long bond paper, write (handwritten) your answers to the questions provided.
    c. Answer in a brief and concise manner.

    1. What is the purpose of the Anti-Money Laundering Act (AMLA)? 5 pts.


    2. What is money laundering? 5 pts.
    3. What are the covered institutions? 10 pts.
    4. What are the duties and obligations of covered institutions? 10 pts.
    5. Who are the covered persons?
    6. What are covered transactions? 5 pts.
    7. What are suspicious transactions? 5 pts.
    8. What are the unlawful activities covered by AMLA? 10 pts.
    9. What is safe harbor? 5 pts.

    Portfolio 05 AMLA

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