The waiver on bank secrecy signed by Sen. Antonio Trillanes IV is useless, according to Justice Secretary Vitaliano Aguirre II.
"The waiver is useless because the offshore accounts are not covered by AMLA [Anti-Money Laundering Act]," Aguirre said in a text message on Wednesday.
He added that the offshore accounts allegedly owned by Trillanes appears to have a co-depositor.
"For the bank to honor his waiver, both depositors must sign a waiver," Aguirre said.
Last Monday, Trillanes signed a waiver on the bank secrecy law after he was accused by President Rodrigo Duterte of hiding his wealth in bank accounts abroad.
The senator allegedly have 12 bank accounts abroad. The...
Keep on reading: Trillanes waiver on bank secrecy is useless, says Aguirre