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Politics

VILLAFUERTES BACK BANK SECRECY LAW LIFTING

Amid the heightened efforts by Malacañan Palace to flush out official corruption, a group of lawmakers has re-filed a bill seeking to promote greater transparency in public governance by empowering the Bangko Sentral ng Pilipinas (BSP) to examine the bank deposits of certain individuals or corporations once there is reasonable ground to believe these persons […]

Categories
Politics

GOV’T WORKERS URGED: WAIVE BANK SECRECY RIGHTS

Senate President Chiz Escudero has renewed his call for transparency and accountability in government by refiling a measure that mandates all public officials and employees to waive their rights under Republic Act No. 1405, or the Law on the Secrecy of Bank Deposits, and Republic Act No. 6426, or the Foreign Currency Deposit Act. Under […]