Kindly based your answers on Philippine laws. Thanks, tutor!

Anti-Money Laundering Act

1. What are the composition of Anti-Money Laundering Council?
2. Who are the covered person under Anti-Money Laundering Act?.
3. Give at least 5 unlawful activities connected to ML/TF?
4. Explain the two kinds of wire transfer?
5. Explain the covered transaction, suspicious transaction and realty transaction.

Law on Secrecy of Bank Deposits

1. What are the main purposes of the Law on Secrecy of Bank Deposits?
2. What are the prohibited acts in violation of bank secrecy law?
3. Who are authorize to inquire on bank deposits?
4. Can the ombudsman issue an order to investigate and inquire on bank deposits of a private individual?
5. What is the scope of the BIR in its power to inquire into bank deposits?