4.Anti-Money Laundering

Rudy is jobless but is reputed to be a jueteng operator. He has never been charged or convicted of any crime. He maintains several bank accounts and has purchased 5 houses and lots for his children from the Luansing Realty, Inc. Since he does not have any visible job, the company reported his purchases to the Anti-Money Laundering Council (AMLC). Thereafter, AMLC charged him with violation of the Anti-Money Laundering Law. Upon request of the AMLC, the bank disclosed to it Rudy’s bank deposits amounting to P100 Million. Subsequently, he was charged in court for violation of the Anti-Money Laundering Law.

   1. Can Rudy move to dismiss the case on the ground that he has no criminal record? 2.5%

   2. To raise funds for his defense, Rudy sold the houses and lots to a friend. Can Luansing Realty, Inc. be compelled to transfer to the buyer ownership of the houses and lots? 2.5%

   3. In disclosing Rudy’s bank accounts to the AMLC, did the bank violate any law? 2.5%

   4. Supposing the titles of the houses and lots are in possession of the Luansing Realty, Inc., is it under obligation to deliver the titles to Rudy? 2.5%