Tag: ubs

US not happy with strict Ph bank secrecy laws

Posted on By benign0 6 Comments on US not happy with strict Ph bank secrecy laws
US not happy with strict Ph bank secrecy laws

Following the landmark decision coming from the Senate court trying the impeachment of Chief Justice Renato Corona to uphold a Supreme Court restraining order on the opening of Corona’s dollar accounts, much attention has now been directed to the Philippines’ “archaic” bank secrecy laws. According to also secret United States embassy cables revealed by Wikileaks,…

Read More “US not happy with strict Ph bank secrecy laws” »

Crime, Economy, Money Talks

Ill-gotten evidence used to prove ill-gotten wealth

Posted on By benign0 3 Comments on Ill-gotten evidence used to prove ill-gotten wealth
Ill-gotten evidence used to prove ill-gotten wealth

The Philippine banking system is out of luck. Trust is the key component of the social capital deficit that saps Philippine society of the substance and conviction needed to do things properly and aspire to greatness. Even as the honourable statesmen of the Philippine government debate its definition, the broader swath of Philippine society consistently…

Read More “Ill-gotten evidence used to prove ill-gotten wealth” »

Economy, Money Talks, Politics