A. On the anti-money laundering laws: 1. What is the distinction between a "covered transaction report" and a "suspicious transaction report"? (2%) 2. Does the Anti-Money Laundering Council have the authority to freeze deposits? Explain. (2%) B. On foreign investments: 1. A foreign company has a distributor in the Philippines. The latter acts in his own name and account. Will this distributorship be considered as doing business by the foreign company in the Philippines? (3%) 2. ABC Corporation was organized in Malaysia but has a branch in the Philippines. It is entirely owned by Filipino citizens. Can you consider ABC Corporation a Philippine national? (2%)