1. A waiver is "revocable". Do not think that it is "irrevocable" or "final".
2. A waiver must specify the identifies and other details of the account/s subject matter thereof.
3. A waiver must specify the scope and limitations of the powers/purposes thereof.
4. All joint/several owners of the specific account/s must sign the waiver.
5. A waiver must specify the powers granted to the representative/s named and authorized therein, if any.
6. A candidate may hide his wealth in shell corporations/partnerships.
7. A waiver by a corporation/partnership takes the form of a board/partners' resolution, certified under oath by the corp. sec.
8. As an act of good faith, the issuer of the waiver must furnish the following agencies:
* Ombudsman,
* Comelec,
* Bangko Sentral ng Pilipinas,
* Anti Money laundering Council.
9. A waiver is always subject to the in-house policies and procedures of the banks.
10. A waiver will be more effective, as an act of good faith of the issuer thereof, if it is supported by a separate "special power of attorney" executed by the issuer of the waiver
(a) identifying the attorney-in-fact/representative of the issuer of the waiver and
(b) specifying the powers of such attorney-in-fact/representative
* with respect to his authorized transactions with the bank/s and
* with respect to the duties and tasks required by the issuer from his bank/s.
11. A document that purports to be a "waiver" but does not contain the foregoing fundamental legal statements/details/powers/contents should be treated merely as a "political manifesto/declaration."
12. The govt SALN form contains a fine print empowering the Ombudsman to examine the bank accounts of public officers/employees. The statement is generic. It seems the Ombudsman does not take pro-active examinations of bank accounts on the basis thereof unless a formal complaint is first filed with the said Office.
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