The Presidential Anti-Corruption Commission (PACC) has recognized the Securities and Exchange Commission (SEC) for its upgraded system process which contributed to the curtailment of corruption in government. SEC Chairperson Emilio B. Aquino received the bronze award during the celebration of the first founding anniversary of the PACC tasked to investigate alleged government corruption, on March 3 at Heroes Hall in MalacaAang. The PACC Award recognizes effort of partner-agencies for the development of system process and the introduction of innovative measures that immensely contributed to the effective and efficient delivery of public service and the reduction of corruption in government. PACC also recognized the Firearms and Explosive Office, Department of Science and Technology, Department of Budget and Management, and Anti-Money Laundering Council. SEC is committed in eradicating corruption. In fact, we are consistently part of the top agencies perceived as the most sincere in fighting corruption in the surveys conducted by Social Weather Stations. Corruption is detrimental to the economy and our moral as a nation thus we should work hand in hand to fight this 'cancer' of society, said Mr. Aquino. During the awarding ceremony, Mr. Aquino cited implementation of the Company Registration System (CRS) among the best practices and initiatives adopted by the Commission to fight corruption and improve ease of doing business in the country. CRS allows for the automated and online pre-processing of corporations and partnerships, licensing of foreign corporations, amendments of the articles of incorporation and other corporate applications requiring SEC approval. With CRS, we have reduced opportunities for corruption since full automation minimized the human intervention in the processing applications, Mr. Aquino said. Also, this is one of our mechanisms to make services more efficient and easily accessible to the public. It is Easy, Sa SEC! The PACC also deputized officers from 32 government agencies as partners in its campaign against graft and corruption. SEC Human Resources Director Romuald C. Padilla will serve as the Commission's resident evaluator and internal-corruption aide of the PACC. The deputation is pursuant to President Rodrigo R. Duterte's campaign against corruption and in accordance with Executive Order (EO) 43, which grants the PACC Page 3 of 3 Office of the Commission Secretary S-309, 3F PICC Secretariat Building Philippine International Convention Center (PICC) Complex Pasay City 888-8141 ; 818-5478 the power to enlist the assistance of other government agencies in the investigation of cases falling within their respective jurisdictions.

Source: Board of investment

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