Uncovering ill-gotten wealth of government officials may soon get easier, with a proposed measure by Sen. Panfilo M. Lacson seeking to exclude them from the Bank Secrecy Law.

Lacson’s Senate Bill 47 effectively removes from all public servants the “protection” afforded by Republic Act 1405, which prohibits disclosure or inquiry into bank deposits.

“The avowed purpose of the law (Bank Secrecy Act) is meritorious in preserving the confidentiality of bank transactions. Unfortunately, this provision of the law prohibiting the disclosure of or inquiry to bank deposits had been exploited time and again to hamper and stall investigations of government officials and employees suspected of enriching themselves while in public office,” Lacson said.

Related: Ping: Presidente, taga-gobyerno, babaklasin sa Bank Secrecy Law Continue reading “Lacson Bill Removes Bank Secrecy Act Protection for All Government Officials, Employees” →

Maaari nang mausisa ng publiko ang mga bank accounts ng mga matataas na opisyal ng pamahalaan sa oras na maisabatas ang panukalang inihain ni Senador Panfilo Lacson.

Pangunahin kasing layunin ng Senate Bill 47 na inihain ni Lacson na amyendahan ang ilang nilalaman ng Republic Act 1405 o ang Bank Secrecy Law bunga na rin ng pagiging “madamot” nito sa publiko kaugnay sa mga detalye ng mga opisyal at kawani ng pamahalaan.

Partikular na probisyon ng naturang batas na nais maamyendahan ng senador ay ang bahaging nagbabawal sa mga bangko na isiwalat sa publiko ang mga bank accounts ng mga opisyal halal man o itinalaga at mga kawani ng pamahalaan.

Related: Lacson bill removes Bank Secrecy Act protection for all government officials, employees Continue reading “Ping: Presidente, Taga-Gobyerno, Babaklasin sa Bank Secrecy Law” →