HowerJade
5.8K posts


@HowerJade @terryridon OFW ka pa ng lagay na yan. Di mo maayos grammar mo @HowerJade
All the OVP has to do is to EXPLAIN what happened to OUR MONEY.
PERA NATIN YAN EH.
Pag wala siyang mapaliwanag, tayo ang TALO dito.
Filipino
HowerJade retweetledi
HowerJade retweetledi
HowerJade retweetledi

CHECKMATE!
Congressman Bong Suntay has effectively placed in a legal bind the Anti-Money Laundering Council (AMLC) and COJ Chair Gerville Luistro.
He explained that, under the Anti-Money Laundering Act of 2001 (as amended), there are only two lawful ways to obtain bank-related information from the AMLC:
(1) With a court order, or
(2) Through specific exceptions allowed by law, such as covered or suspicious transaction reporting.
He then raised a key point: Who determines whether a transaction is suspicious?
The answer given: the banks themselves—as required under the law.
Under the AMLA, banks are mandated to submit Covered Transaction Reports (CTRs) and Suspicious Transaction Reports (STRs) to the AMLC. However, these reports are “strictly confidential.”
Section 9 of the AMLA explicitly provides that STRs and CTRs shall not be disclosed and are protected from public release. This confidentiality is reinforced by the Bank Secrecy Law and related financial privacy laws.
So, if the AMLC were to disclose bank account information or reports to entities like the House of Representatives of the Philippines without a court order, this could violate bank secrecy and AMLA confidentiality provisions.
In short, the position is this:
* Banks determine and report suspicious transactions.
* AMLC receives these reports under strict confidentiality.
* Disclosure is limited and regulated by law.
Thus, absent a valid court order or a clear statutory exception, even Congress cannot compel the AMLC to release such protected financial information without potentially running afoul of existing laws.
Bong Suntay was right!
//Tio Moreno

English
HowerJade retweetledi
HowerJade retweetledi
HowerJade retweetledi

I voted for Ferdinand Marcos Jr. - a BIG mistake.
The moment they moved to siphon Philippine Health Insurance Corporation funds into “unprogrammed” spending, the mask slipped. That wasn’t governance, it was a cash grab hiding in plain sight.
Marcos, Recto, Zaldy Co, & Martin Romualdez weren’t leading, they were like vultures. They were positioning, circling & waiting for the right time to sink their claws into Filipinos’ hard-earned money.
No other administration has done it before. These people are beyond disgusting - even animals have limits.
#ThePhilippineHeist
ctto

English
HowerJade retweetledi
HowerJade retweetledi
HowerJade retweetledi
HowerJade retweetledi
HowerJade retweetledi
HowerJade retweetledi
HowerJade retweetledi
HowerJade retweetledi
HowerJade retweetledi

















