POLL QUESTIONS

PDIC Law, AMLA Law & Data Privacy Act

1. __________ is not considered covered institution under AMLA.

a. Persons supervised or regulated by BSP

b. Persons supervised or regulated by SEC
c. Persons supervised or regulated by Insurance Commission
d. Persons supervised or regulated by PAGCOR

2. This is not considered a covered person under AMLA.

a. Pawnshops
b. Electronic money issuers
c. Money transfer companies
d. Loan associations

3. The following persons, supervised or regulated by SEC, considered covered persons under AMLA,
except:

a. Securities dealers
b. Investment agents
c. Investment advisors
d. Investment custody

4. This is another category under AMLA that is considered covered person.

a. Designated Non-Financial Businesses or Professions

b. Designated Non-Financial Businesses and Professions
c. Non-designated Non-Financial Businesses and Professions
d. Non-designated Non-Financial Business or Professions

5. Which is considered covered transaction under AMLA?

a. Transaction in cash in excess of Php 500K within 1 banking day

b. Transaction not more than Php 500K within 1 banking day
c. Transaction in other equivalent monetary instrument
d. Transaction in other equivalent monetary instrument not more than Php 500K

6. Which is true?

a. For Casinos, including internet-based casinos & ship-based casinos, with respect to their
casino cash transactions related to their gaming operations, a single casino cash
transaction involving an amount in excess of Php 5M
b. For Casinos, including internet-based casinos & ship-based casinos, with respect to their casino
cash transactions related to their gaming operations, a single casino cash transaction involving
an amount not more than Php 5M
 c. For Casinos, only internet-based casinos & ship-based casinos, with respect to their casino cash
transactions related to their gaming operations, a single casino cash transaction involving an
amount in excess of Php 5M
d. For Casinos, only ship-based casinos, with respect to their casino cash transactions related to
their gaming operations, a single casino cash transaction involving an amount in excess of Php
5M

7. Which is false?

a. Real estate developers & brokers, with single cash transaction involving an amount in
excess of Php 7.5M or its equivalent in any other currency is considered covered
transaction
b. Real estate developers & brokers, with single cash transaction involving an amount in excess
of Php 5M or its equivalent in any other currency is considered covered transaction
c. Real estate developers & brokers, with single cash transaction involving an amount in excess
of Php 15M or its equivalent in any other currency is considered covered transaction
d. Real estate developers & brokers, with single cash transaction involving an amount in excess
of Php 25M or its equivalent in any other currency is considered covered transaction

8. Which is not considered suspicious transaction under AMLA?

a. There is No underlying legal or trade obligation, purpose, or economic justification.

b. Client is not properly identified.
c. Amount involved is commensurate with the business or financial capacity of the client.
d. Client's transaction is structured in order to avoid being the subject of reporting requirements
under AMLA.

9. Which is not prohibited act during reporting of covered or suspicious transaction?

a. Communicating, directly or indirectly, in any manner or by any means, to any person or entity
b. Publishing the reporting in any manner or form by mass media", electronic mail, or other
similar devices.
c. Communicating to court upon its order
d. Airing the reporting in any manner or form by mass media", electronic mail, or other similar
devices