US EditionMarcos backs proposal for public officials to waive bank secrecy rights
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2 Articles
Marcos backs proposal for public officials to waive bank secrecy rights
MANILA, Philippines — President Ferdinand Marcos Jr. supports Senate President Francis “Chiz” Escudero’s revival of a proposal requiring public officials to waive their bank secrecy rights to prevent the concealment of ill-gotten wealth, a Palace official said on Monday. On July 3, Escudero said he refiled a measure mandating all public officials and employees to […]...Keep on reading: Marcos backs proposal for public officials to waive bank sec…
President Ferdinand Marcos Jr. is in favor of the proposed bill to repeal the Bank Secrecy Law for government officials. According to Palace Press Officer Claire Castro, transparency and accountability should be implemented to ensure that no stolen wealth is hidden. She said the President's response is not expected to be negative as long as it is related to public service. It can be recalled that the bill to waive the bank secrecy rights of gove…
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