Commercial Law, 2022 Bar — Question 10

ESSAY

Bank teller Loris submitted a Suspicious Transaction Report (STR) on Marychelle, a politically exposed person (PEP), who, when asked about her deposit of Php2,000,000.00 in cash, just winked. The Anti-Money Laundering Council did not find probable cause which could support the belief that Marychelle had committed an unlawful activity or was otherwise involved in money laundering. Marychelle now wants to sue the bank and Loris for allegedly discriminating against her. Discuss whether or not Loris and the bank are liable.

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