THE Aquino administration says it is not supporting just yet calls for the easing of bank secrecy laws, despite the $81-million dirty money wired to the RCBC Branch on Jupiter St., in Metro Manila’s Makati City, an amount stolen from the Bangladesh central bank account with the Federal Reserve of New York.
This develops following recommendations by the Philippine central bank, Bangko Sentral ng Pilipinas (BSP), and the Bureau of Internal Revenue (BIR) that the bank secrecy laws be eased or lifted following the heist, where the stolen money was laundered through the country casinos and banking systems.
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