2013 (Mercantile Law ) Bar Exam Questions: Multiple Choice Question 10

[Answer/discuss the question below. Or check Mercantile Law Instructions; Mercantile Law Essay Questions: 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10; Mercantile Multiple Choice Questions: 1, 2, 3, 4, 5, 6, 7, 8, 911, 12, 13, 14 and 15; See also 2013 Bar Exam: Information, Discussions, Tips, Questions and Results]

X.

Under the Anti-Money Laundering Act, a depositor’s bank account may be frozen ___________. (1%)

(A) by the bank when the account is the subject of a suspicious or covered transaction report

(B) by the Anti-Money Laundering Council (AMLC) when the account belongs to a person already convicted of money laundering

(C) by the Regional Trial Court, upon ex parte motion by the AMLC, in a criminal prosecution for money laundering pending before it
(D) by the Court of Appeals motu proprio in an appeal from a judgment of conviction of a criminal charge for money laundering

(E) In none of the above.

One comment

Leave a Reply

Your email address will not be published. Required fields are marked *