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Bank Deposit Secrecy & Unclaimed Balances by shan austin is a document available to read on EtoBox.

What is Bank Deposit Secrecy & Unclaimed Balances about?

The Law on Secrecy of Bank Deposits in the Philippines, primarily Republic Act No. 1405, aims to encourage public deposits in banks and prevent private hoarding. Disclosure of bank deposit information is generally prohibited, with specific exceptions such as court orders and cases of public official misconduct. Unclaimed balances, defined under PD 679, must be reported to the Treasurer of the Philippines and are subject to escheat proceedings if not claimed.

Author

shan austin

Language

EN