HB 1918
House·20th Congress·Filed Jul 15, 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 look into certain bank deposits when there is a reasonable suspicion of fraud or other illegal activity, while keeping most deposits confidential and protecting banks that follow the rules.
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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HB01918 · Sources: BetterGov Open Congress, BatasWatch