Public officials should be exempted from coverage of the Bank Secrecy Law to effectively fight corruption, Bayan Muna party-list Rep. Carlos Zarate, said on Sunday.
Zarate made the proposal through House Bill 7146 or the Act Requiring Public Officials and Employees to Execute a Written Permission to Examine, Inquire or Look Into Their Bank Deposits, which amends Section 8 of Republic Act 6713 (RA 6713) or the Act Establishing a Code of Conduct and Ethical Standards for Public Officials and Employees.
It provides that all public officials and employees should execute a written permission for the Ombudsman to examine, inquire or look into all their bank deposits, as an additional exception to the Bank Secrecy Law. It also provides that the husband and wife who are both public officials or employees may file the required statements jointly or separately.
Zarate said the proposal is in accordance with the Act Establishing a Code of Conduct and Ethical Standards for Public Officials and Employees, which states, “It is the policy of the State to promote a high standard of ethics in public service, and that public officials and employees shall at all times be accountable to the people and shall discharge their duties with utmost responsibility, integrity, competence and loyalty, act with patriotism and justice, lead modest lives and uphold public interest over personal interest.”
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