IKOT.PH
Closed bank accounts can be looked into because these are no longer covered by the Bank Secrecy Law, according to Senator Chiz Escudero. “A closed account is no longer covered by the bank secrecy law nor by the provisions of the general banking act given the absence of funds in the custody of the […]
Senator Chiz Escudero lauds the enactment of the free higher education law that ensures tuition-free education in state universities and colleges (SUCs), local universities and colleges, as well as state-owned technical vocational institutions (TVIs) across the country. “I thank the President for signing the Free Tertiary Education Act. This will be one of the […]
Senator Chiz Escudero said he wanted to look into the recently exposed internal fraudulent scheme allegedly perpetrated by a senior bank official of the Metropolitan Bank and Trust Company (Metrobank) that cost the country’s second biggest bank some P900 million to P2.5 billion in losses. Escudero, chair of the Committee on Banks, Financial Institutions […]
After intense scrutiny from both chambers of Congress and the President himself, a legislation that will put casinos within the ambit of the Anti-Money Laundering Act is now a law, according to Senator Chiz Escudero, who has been in the forefront of including the gaming industry under the coverage of AMLA. Republic Act No. […]
Senator Chiz Escudero has urged the Senate to pass the amendments to the Anti-Money Laundering Act (AMLA) before the deadline given by the Asia/Pacific Group on Money Laundering (APG). According to Escudero, Senate Bill No. 1468 is a mere component of the committee report he previously sponsored. The bill, which was approved on second […]
Senator Chiz Escudero wants a fresh investigation into the misuse of the P10-billion Priority Development Assistant Fund (PDAF) to identify the rest of the money that went into the hands of individuals and various non-government organizations similar to the bogus people’s organizations created by suspected pork barrel scam mastermind Janet Lim Napoles. Escudero, however, […]
Senator Chiz Escudero is pushing inclusive education among children and youth with special needs (CYSNs) in the country, saying these kids should be allowed to join regular schools. Escudero said providing equitable opportunities for all students, including children with special needs, particularly access to education services, is essential while also taking into consideration the […]
The tricky issue of who really regulates the country’s online gaming sector is depriving the government of its rightful revenue share, Senator Chiz Escudero said. “We need to address this issue with finality so we can finally plug the loopholes in foregone revenues from offshore gaming and put to rest the issue of the legality […]