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Question 8

2023 Bar · Mercantile Law · 1 sub-question

8. Atty. Diwa is the lawyer of Tala in a criminal case for Estafa before the Regional Trial Court of Manila. After one of their hearings, Tala gave Atty. Diwa ₱10 million for safekeeping, which Tala admitted in confidence that it was part of the proceeds of her swindling activities. The husband of Atty. Diwa found out about this and reported it to the Anti-Money Laundering Council (AMLC). The AMLC demanded Atty. Diwa to disclose the details of her transaction with Tala, but she refused. Can Atty. Diwa validly refuse to report her transaction with Tala? Discuss your answer.

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