Government Regulations and Penalties Overview

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Questions and Answers

What is the maximum imprisonment term under the Government Procurement (RA9184)?

15 years (correct)

20 years

10 years

6 years

What is the penalty for the 2nd offense under the Ease of Doing Business (RA11032)?

6 months suspension

Fine of not less than 100k

Dismissal from service with perpetual disqualification (correct)

1 year to 2 years imprisonment

What is the fine range for non-disclosure cases under TILA (RA3675) if the violation is willful?

$1,000 to $5,000 (correct)

$5,000 to $10,000

$500 to $5,000

$1,000 to $10,000

Under the Bank Secrecy Law (RA1405), what is the maximum fine for local currency deposits?

20k Signup and view all the answers

What type of liability is imposed for the first offense under the Ease of Doing Business (RA11032)?

Administrative liability with suspension Signup and view all the answers

What is the penalty for failure to settle claims under the PDIC (RA3591)?

6 months to 1 year imprisonment Signup and view all the answers

What is the imprisonment range for foreign currency deposits under the Bank Secrecy Law (RA1405)?

1 to 5 years Signup and view all the answers

What action must be taken if someone is subject to non-disclosure under TILA (RA3675)?

File a civil case for recovery of damages Signup and view all the answers

What penalty is imposed for the 2nd offense of fixing and collusion with fixers under the Ease of Doing Business (RA11032)?

Immediate dismissal regardless of previous offense Signup and view all the answers

Which provision does not impose imprisonment for local currency deposits under the FCDA (RA6426)?

No imprisonment stated Signup and view all the answers

What is the imprisonment term for someone directly involved in money laundering?

7 to 14 years Signup and view all the answers

What is the minimum fine for malicious reporting under the AMLA?

100,000 Signup and view all the answers

What punishment does one face for violating provisions requiring disclosure under the Lemon Law?

Minimum 100,000 fine Signup and view all the answers

How long can someone be imprisoned for facilitating money laundering?

4 to 7 years Signup and view all the answers

What is the maximum fine for breach of confidentiality under AMLA?

1 million Signup and view all the answers

What is the imprisonment period for hacking or crackling under the E-Commerce Act?

6 months to 3 years Signup and view all the answers

What is the minimum monetary amount involved in money laundering that results in a not less than 3 million fine?

1.5 million Signup and view all the answers

What is the required fine for piracy under relevant laws?

100,000 Signup and view all the answers

Study Notes

Government Procurement Penalties (RA 9184)

Imprisonment for a minimum of 6 years and a day and up to 15 years

Ease of Doing Business Penalties (RA 11032)

First offense: Administrative liability with 6-month suspension, except for fixing and collusion with fixers, which result in immediate 2nd offense penalties.
Second offense: Administrative and criminal liability, including dismissal from service, perpetual disqualification from holding office, imprisonment from 1 to 6 years, and a fine of 500k to 2 million.

Bank Secrecy Law Penalties (RA 1405)

Local currency deposits: Imprisonment for up to 5 years and/or a fine of up to 20k.
Foreign Currency Deposits: Imprisonment from 1 to 5 years and/or a fine of 5k to 20k.

Truth in Lending Act Penalties (RA 3675)

Non-disclosure (Unwillful): A civil case for recovery of 100 or twice the finance charged, whichever is greater, but not exceeding 2k. The case must be filed within 1 year of the violation in any court of competent jurisdiction.
Non-disclosure (Willful): A criminal case with a fine of 1k to 5k, imprisonment for 6 months to 1 year, or both.

PDIC Penalties (RA 3591)

Failure to settle claims due to grave abuse of discretion, gross negligence, bad faith, or malice: Imprisonment from 6 months to 1 year for directors, officers, or employees of PDIC responsible for the delay.

Anti-Money Laundering Act Penalties (RA 9160)

Money Laundering (Directly Involved): Imprisonment from 7 to 14 years and a fine of at least 3 million but not more than twice the value of the monetary instrument or property involved.
Money Laundering (Facilitate): Imprisonment from 4 to 7 years and a fine of at least 1.5 million but not more than 3 million.
Money Laundering (Required to disclose and report to AMLC but failed to do so): Imprisonment from 6 months to 4 years and a fine of at least 100k but not more than 500k.
Breach of Confidentiality: Imprisonment from 3 to 8 years and a fine of 500k to 1 million.
Malicious Reporting: Imprisonment from 6 months to 4 years and a fine of at least 100k but not more than 500k.

Lemon Law Penalties (RA 10642)

Violation of Provisions Requiring Disclosure: A minimum fine of 100k, in addition to any other civil or criminal liability under existing laws.

E-Commerce Act Penalties (RA 8792)

Hacking or Cracking: Imprisonment from 6 months to 3 years and a fine of at least 100k up to the amount of damage incurred.
Piracy: A minimum fine of 100k and a maximum commensurate to the damage incurred, along with mandatory imprisonment from 6 months to 3 years.

Consumer Act (RA 7394) and Other Relevant Pertinent Laws Penalties

Minimum fine of 100k and a maximum commensurate to the damage incurred, along with mandatory imprisonment from 6 months to 3 years.

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Description

This quiz covers the penalties associated with various government regulations, including RA 9184 on procurement, RA 11032 on ease of doing business, RA 1405 on bank secrecy, and RA 3675 on the truth in lending act. Test your knowledge on the specifics of each law and the consequences of violations.