Jinggoy files Senate bill No. 3120 amending Foreign Currency Deposit act
Jinggoy files bill amending foreign currency deposit act under Senate Bill 3120. It introduces amendment to a four decade old RA 6426 to include the “order of an impeachment court or any competent court involving public officials charged with the violation of RA 3019 or the anti-graft and corruption practices act” as exception to the confidentiality clause of the law.
The amendment further provides that probable cause be established that the foreign currency deposit involved is directly related to the cause of the action in the complaint.
Senator Estrada further explains that “the law is being used as an excuse and as refuge to hide alleged illegally acquired wealth of public officials and employees. The measure shall cover all public officials including those identified as impeachable offices who may have engaged in corrupt and other criminal activities.
Te bill also aims to discourage private individuals who may intend to hide their unlawful deposits by converting their illegal income into foreign currency deposits.
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Noemi Lardizabal-Dado
Noemi Lardizabal-Dado is a Content Strategist with over 16 years experience in blogging, content management, citizen advocacy and media literacy and over 26 years in web development. Otherwise known as @MomBlogger on social media, she believes in making a difference in the lives of her children by advocating social change for social good. She is a co-founder and a member of the editorial board of Blog Watch . She is a resource speaker on media literacy, social media , blogging, digital citizenship, good governance, transparency, parenting, women’s rights and wellness, and cyber safety. Her personal blogs such as aboutmyrecovery.com (parenting) , pinoyfoodblog.com (recipes), techiegadgets.com (gadgets) and benguetarabica.coffee keep her busy outside of Blog Watch. Disclosure: I am an advocate. I am NOT neutral. I will NOT give social media mileage to members of political clans, epal, a previous candidate for the same position and those I believe are a waste of taxpayers' money. I do not support or belong to any political party. I was part of accredited media covering the Office of the Vice President and Leni Robredo as she ran as a presidential aspirant in the 2022 National and local elections. On August 5, 2021, YouTube announced that I was selected as one of 50 Program participants of its Creator Program for Independent Journalists She was a Senior Consultant for ALL media engagements for the PCOO-led Committee on Media Affairs & Strategic Communications (CMASC) under the ASEAN 2017 National Organizing Council from January 4 -July 5, 2017. Having been an ASEAN advocate since 2011, she has written extensively about the benefits of the ASEAN community and as a region of opportunities on Blog Watch and aboutmyrecovery.com. Organization affiliation includes Consortium on Democracy and Disinformation Updated June 6, 2022