1. Covered institutions and their officers, and employees are prohibited from communicating, directly or indirectly, in any manner, to any person, entity, or the media the following, except:

The contents

The fact that a covered transaction report has or is about to be reported

The fact that a covered transaction report has or is about to be reported

None of the choices

2.

Statement I:	Unlawful activity involves Kidnapping for ransom under Article 267 of Act No. 3815.
Statement II:	Unlawful activity involves violations under RA 8792, otherwise known as the Electronic Commerce Act of 2000.

Group of answer choices

Both statements are false

Statement I is false

Statement II is false

Both statements are true

3.

Statement I:	Unlawful activity involves Hijacking and other violations under RA 6235.
Statement II:	Unlawful activity involves violations of Sections 4 to 6 of RA 9208, otherwise known as the Anti-Trafficking in Persons Act of 2003.

Group of answer choices

Statement I is false

Both statements are true

Statement II is false

Both statements are false

4. The Anti-Money Laundering Council shall be composed of the following members, except:

Group of answer choices

Secretary of Finance

Commissioner of the Insurance Commission

Governor of the Bangko Sentral ng Pilipinas

Chairman of the Securities and Exchange Commission

5.

Statement I:	The AMLC shall institute civil forfeiture proceedings and all other criminal proceedings through the Office of the Solicitor General.
Statement II:	The AMLC shall apply before the Court of Appeals, ex parte, for the freezing of any monetary instrument or property alleged to be laundered, proceeds from or instrumentalities used/ intended for use in any unlawful activity.

Group of answer choices

Statement II is false

Both statements are false

Both statements are true

Statement I is false

6.

Statement I:	Upon determination by the AMLC that probable cause exists that any monetary instrument or property is in any way related to an unlawful activity or a money laundering offense, the AMLC shall file with the appropriate court a verified ex parte petition for forfeiture.
Statement II:	The forfeiture shall exclusively include monetary instrument or property having an equivalent value to that of the monetary instrument or property found to be related in any way to an unlawful activity or a money laundering offense.

Group of answer choices

Both statements are true

Statement II is false

Both statements are false

Statement I is false

7.

Statement I:	The AMLC may refuse to comply with any request for assistance where the action sought by the request contravenes any provision of the Constitution is an absolute limitation.
Statement II:	Where a foreign State makes a request for assistance in the investigation or prosecution of a money laundering offense, the AMLC may execute the request or refuse to execute the same and inform the foreign state of any valid reason for not executing the request or for delaying the execution thereof.

Group of answer choices

Both statements are true

Statement II is false

Both statements are false

Statement I is false

8. Statement 1: The unclaimed balances, together with the increase and proceeds thereof, shall be deposited with the Treasurer of the Philippines to the credit of the Government of the Republic of the Philippines.

Statement 2: All banks, building and loan associations, and trust corporations shall forward to the Treasurer of the Philippines a statement, under oath, of their respective managing officers, of all credits and deposits held by them in favor of persons known to be dead, or who have not made them further deposits or withdrawals during the preceding ten years or more.

Group of answer choices

Only I is true

Both are false

Only II is false

Both are true

9. Statement 1: Covered institutions shall establish and record the true identity of its clients based on official documents.

Statement 2: All records of all transactions of covered institutions shall be maintained and safely stored for 5 years from the date of transactions.

Group of answer choices

Both are true

Only II is false

Only I is true

Both are false

10. The following shall be prima facie evidence of the making or issuance of said check, except:

Group of answer choices

The due presentment to the drawee for payment and the subsequent dishonor

The receipt of the stop payment order

The check was properly dishonored for the reason written, stamped or attached by the drawee on such dishonored check

Any unpaid and dishonored check, having the drawee's refusal to pay stamped or written thereon or attached

11.

Statement I:

A penalty shall be imposed upon any person who, having sufficient funds in or credit with the drawee bank when he makes or draws and issues a check, shall fail to keep sufficient funds or to maintain a credit to cover the full amount of the check if presented within a period of sixty days from the date appearing thereon, for which reason it is dishonored by the drawee bank.

Statement II:

Any person who makes or draws and issues any check to apply on account or for value, knowing at the time of issue that he does not have sufficient funds in or credit with the drawee bank for the payment of such check in full upon its presentment, which check is subsequently dishonored by the drawee bank for insufficiency of funds or credit or would have been dishonored for the same reason had not the drawer, without any valid reason, ordered the bank to stop payment, shall be punished by law.

Group of answer choices

Both statements are false

Both statements are true

Statement II is false

Statement I is false