HB 1674
House·20th Congress·Filed Jul 9, 2025
An Act Promoting Transparent Governance and Instituting Anti-Corruption Mechanisms in the Operation of Banks and Other Financial Institutions, Amending for the Purpose Republic Act No. 1405, Entitled “an Act Prohibiting Disclosure of or Inquiry Into, Deposits with Any Banking Institution and Providing Penalty Therefor”
In plain language
The bill would let the central bank examine bank deposits when it has reasonable grounds to suspect fraud or illegal activity, while keeping the results confidential except for certain government agencies, and it adds penalties for misuse.
Government AdministrationPublic Order and SafetyJustice and Judiciary
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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Official sources
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HB01674 · Sources: BetterGov Open Congress, BatasWatch