Tag: Bank Secrecy Act

Interview on DZRH | Jan. 17, 2019

In an interview on DZRH, Sen. Lacson answered questions on:
– need to tighten Bank Secrecy Act and related legislation after Ligot acquittal
– passage of the 2019 national budget
– potential PH takeover of Hanjin shipyard in Subic

Quotes from the interview… Continue reading “Interview on DZRH | Jan. 17, 2019”

#PingSays: On calls to look into President Duterte’s bank accounts, and China’s reported buildup in the South China Sea | Feb. 5, 2018

In an interview, Sen. Lacson answers questions on:
– calls to look into President Duterte’s bank accounts
– China’s reported buildup in the South China Sea

Quotes from the interview…  Continue reading “#PingSays: On calls to look into President Duterte’s bank accounts, and China’s reported buildup in the South China Sea | Feb. 5, 2018”

Lacson Bill Strips Drug Pushers, Financiers of Bank Secrecy

Drug pushers, manufacturers, cultivators, importers and financiers can no longer hide their ill-gotten money in banks, as a bill filed by Sen. Panfilo M. Lacson seeks to strip them of their rights under the Bank Secrecy Act.

Lacson said his Senate Bill 1025, which strengthens the Comprehensive Dangerous Drugs Act of 2002, is a proactive move to support the government’s unrelenting war against illegal drugs.

“Experiences of the past tell us that our country’s high regard to the secrecy of bank deposits results to law enforcers’ limited authority in terms of confiscation and forfeiture of money or proceeds of the sale or trade of illegal drugs,” he said in his bill, titled “An Act Authorizing the Examination of Bank Deposits, Accounts and Records of Pushers, Manufacturers, Cultivators, Importers and Financiers of Dangerous Drugs, Amending for the Purpose Republic Act No. 9165 and for Other Purposes.”

Related: Lacson bill: Kuwarta ng drug personalities bawal na sa mga bangko Continue reading “Lacson Bill Strips Drug Pushers, Financiers of Bank Secrecy”

Lacson Bill: Kuwarta ng Drug Personalities Bawal na sa mga Bangko

Hindi na puwedeng itago ng mga personalidad na sangkot sa pagpapakalat ng ilegal na droga sa bangko ang mga perang kanilang nakulimbat sa pagbebenta ng mga ito, oras na maipatupad ang pag-amyenda sa Dangerous Drugs Act na isinusulong ni Senador Panfilo Lacson.

Sa Senate Bill 1025 na pinamagatang “An Act Authorizing the Examination of Bank Deposits, Accounts and Records of Pushers, Manufacturers, Cultivators, Importers and Financiers of Dangerous Drugs, Amending for the Purpose Republic Act No. 9165 and for Other Purposes,” na iniakda ng senador, dapat nang baklasin sa mga napoprotektahan ng nabanggit na batas ang mga bank accounts ng mga gumagawa, nag-aangkat, nagpapakalat at nagpopondo sa mga ilegal na droga.

Sa kasalukuyang sistema kasi, hirap na hirap umano ang mga awtoridad na tuntunin ang mga nakatagong pera ng mga sangkot sa ilegal na droga dahil napapabilang pa ang mga ito sa pinoprotektahan ng mga batas na umiiral.

Related: Lacson bill strips drug pushers, financiers of bank secrecy Continue reading “Lacson Bill: Kuwarta ng Drug Personalities Bawal na sa mga Bangko”

Past, Imperfect/Future, Tense: The Road Ahead For The Philippines

Speech before Filipino-Indian Chamber of Commerce

I am very honored tonight to address your chamber. But the real honor belongs to the new leaders of the chamber. Tonight is their night. Tonight begins the first night of the rest of their lives. To them I convey my best wishes!

The invitation of President Ram Sitaldas was very forthright. In fact, he asked me to cover the subject he bluntly described as Past Imperfect, Future Tense. He made no reference to the present. Thus, I assume that the present is both imperfect and tense…

President Sitaldas is right. The imperfect past is a reality made permanent by history. Our most reasonable response can only be this: there is no saint without a past. Time to leave our past to God’s mercy.  Continue reading “Past, Imperfect/Future, Tense: The Road Ahead For The Philippines”

What We Have Is Now

Speech Before the Members of the Cotabato Electric Cooperative, Tulunan, Cotabato

I cannot begin to say how grateful I am to be invited to your 21st Annual General Membership meeting.  Continue reading “What We Have Is Now”

My Report Card

Speech before the Question Mark Club, Hagonoy, Bulacan

This is my first time to come to Hagonoy to deliver a speech after last year’s elections. I am greatly honored.

Hagonoy has become the home of titans. One of them is my esteemed mentor at the Senate, the Honorable BIas Ople. He has taught me a lot. I have yet a lot to learn from his vast wealth of experience and intelligence. I hope to ripen into a statesman of his stature someday.

Hagonoy is blessed because of Ka BIas. In fact, the entire nation is.  Continue reading “My Report Card”