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Cdi3 > Money Laundering And Drug Trafficking > Flashcards

Money Laundering And Drug Trafficking Flashcards

1
Q

Is a crime whereby the proceeds of an unlawful activity are transacted, thereby making them appear to have originated from legitimate sources.

A

MONEY LAUNDERING

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2
Q

AMLC stands for?

A

ANTI-MONEY LAUNDERING COUNCIL

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3
Q

Anti-Money Laundering Act of 2001

A

REPUBLIC ACT NO. 9160

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4
Q

The date when RA No. 9160 was approved?

A

SEPTEMBER 29, 2001

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5
Q

An act amending Republic Act no. 9160

A

REPUBLIC ACT NO. 9194

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6
Q

An act further strengthening the anti-money laundering law, amending for the purpose of republic act no. 9194 and 9160

A

REPUBLIC ACT NO. 10365

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7
Q

This refers to banks, non-banks, quasi-banks, trust entities, foreign exchange dealer, pawnshops, money changers, remittance and transfer companies and other similar entities and all other persons and their subsidiaries and affiliates supervised or regulsted by bangko sentral ng Pilipinas.

A

COVERED PERSONS

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8
Q

He is a member and accountant of mafia group.

A

AL CAPONE

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9
Q

Is an transaction in cash or other equivalent monetary instrument involving a total amount excess of five hundred thousand pesos within one banking day.

A

COVERED TRANSACTION

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10
Q

Refers to any act or ommission or series or combination thereof involving or having direct relation to kidnapping and etc.

A

UNLAWFUL ACTIVITY

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11
Q

The physical disposal of cash proceeds derived from the unlawful activity.

A

PLACEMENT

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12
Q

The aim is to remove cash from the location of acquisition to avoid detection.

A

PLACEMENT

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13
Q

Separating illicit proceeds from their source by creating complex layers of financial transactions designed to disguise the soirce of money, subvert the audit trail and provide anonymity.

A

LAYERING

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14
Q

The purpose is to disassociate the illicit proceeds from the unlawful activity by creating intentionally a complex web of financial transactions aimed at concealing any audit trail as well as the source and ownership of funds.

A

LAYERING

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15
Q

The final stage in the process at which the money is integrated into legitimate economic and financial systems and is assimilated with all the other assets in the system.

A

INTEGRATION

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16
Q

Is the illegal cultivation, culture, delibery, administration, dispensation, manufacture, sale, trading, transportation, distribution, importation, exportation and possession of any dangerous drug and/or controlled precursor and essential chemical.

A

DRUG TRAFFICKING

17
Q

Is a group of organized and professional criminals with a formal hierarchy of organization set in illicit drug trade.

A

DRUG SYNDICATES

18
Q

Drug syndicates otherwise known as what?

A

DRUG CARTEL

19
Q

2 types of dangerous drugs.

A

-ORGANIC DRUGS
-SYNTHETIC DRUGS

20
Q

The world’s largest market for illegal drugs.

A

UNITED STATES OF AMERICA

21
Q

The most heavily abused drugs.

A

METHAMPHETAMINE

22
Q

The federal agency responsible for controlling the spread of illegal drugs in United States and abroad.

A

DRUG ENFORCEMENT ADMINISTRATION

23
Q

Created through Republic Act No. 9165 “Comprehensive Dangerous Drugs Act of 2002”under the dangerous drugs board.

A

PHILIPPINE DRUG ENFORCEMENT AGENCY

24
Q

Considered as a “hot spot” in relation to drug trade.

A

SOUTHEAST ASIAN REGION

25
Q

Leading producer of opium poppy.

A

CHINA

26
Q

Manufactures opium and heroin.

A

THE GOLDEN TRIANGLE

27
Q

It served as the legal framework of the Philippines countermeasures against money laundering.

A

REPUBLIC ACT NO. 9160

28
Q

Insurance companies and other institutions regulated by Insurance Commission.

A

COVERED PERSONS

29
Q

Securities deers, brokers, salesmen, investment hoises and other similar persons/institutions regulated by SEC 4.

A

COVERED PERSONS

Cdi3 (5 decks)

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