Can I read Philippine Banking Confidentiality Laws on EtoBox?
Philippine Banking Confidentiality Laws by Glen Basilisco is a document available to read on EtoBox.
What is Philippine Banking Confidentiality Laws about?
Republic Act No. 1405 establishes the confidentiality of bank deposits in the Philippines, prohibiting disclosure or inquiry into deposits except under specific circumstances. It aims to encourage public deposits while providing penalties for violations, including imprisonment and fines. Additionally, Republic Act No. 6426 introduces a foreign currency deposit system, ensuring these deposits are also confidential and exempt from taxes.
- Author
- Glen Basilisco
- Language
- EN