The Bangko Sentral ng Pilinas has proposed the inclusion in the Marcos administration's priority bill the measure allowing the BSP to open bank accounts suspected of being used for money laundering, and terrorism.
The Bangko Sentral ng Pilinas has proposed the inclusion in the Marcos administration's priority bills the measure allowing the BSP to open bank accounts suspected of being used for money laundering and terrorism, Budget Secretary Amenah Pangandaman has said.
"Apparently, we're the only country left in the world who hasn't passed Bank Secrecy. It is only Lebanon pala and the Philippines. But Lebanon passed it last year. So we need to have one. And the Anti-financial Account Scamming Act or the AFASA bill," Pangandaman said in an interview with reporters. "It will help 'yung for money laundering cases, problems on terrorism and if there's court cases really need evidence or documents that will show that there are problems or meron talagang issue with regards to money, so the Bangko Sentral can open their accounts but it is only Bangko Sentral ng Pilipinas ha, only exclusive for use of Bangko Sentral ng Pilipinas and maybe shared only with the SEC, PDIC, AMLC, DOJ and other courts," she said.
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