HB 4388
House·20th Congress·Filed Sep 8, 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 proposal would modify the Bank Secrecy Law to let the central bank examine deposits when fraud is suspected, while keeping most deposit information confidential and limiting who can see the results.
Government AdministrationPublic Order and SafetyJustice and Judiciary
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Authors · 3 Representatives
Official sources
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HB04388 · Sources: BetterGov Open Congress, BatasWatch