Lacson seeks to strip drug suspects' rights to bank secrecy


Posted at Aug 24 2016 02:38 PM

Senator Panfilo Lacson. Michael Bagtas, ABS-CBN News

MANILA - Senator Panfilo Lacson has filed a bill seeking to strip drug suspects of their rights under the bank secrecy law, his office said Wednesday.

Lacson's move came as President Rodrigo Duterte waged a relentless campaign against the illegal drug trade.

READ: Duterte says UN, critics can’t stop war on drugs

Under Lacson's proposed measure, courts can compel banks to open the accounts of drug suspects, against whom "probable cause" has been established.

"Experiences of the past tell us that our country's high regard to the secrecy of bank deposits results to law enforcers' limited authority in terms of confiscation and forfeiture of money or proceeds of the sale or trade of illegal drugs," Lacson said in a statement.