Commercial Law, 2013 Bar — Question MC-X

MULTIPLE CHOICE

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.

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