HB 7859

House·20th Congress·Filed Feb 18, 2026

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 let the central bank examine the bank accounts of certain insiders of supervised institutions when there is reasonable belief of fraud, while shielding banks that comply from liability and setting 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.

Author · Representative

Eric Go YapReceipts →

Official sources

Similar in what they’d do, filed by any lawmaker.

SB 1649· Filed Jan 7, 2026
Amending R.A. No. 1405 (The Secrecy of Bank Deposits Law)
Consolidated/substituted in the committee reportSen. Raffy T. Tulfo
HB 1786· Filed Jul 10, 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"
Substituted by HB06707Rep. Miguel Luis R. Villafuerte +3
SB 1364· Filed Sep 9, 2025
Amending Republic Act No. 1405 (Bank Secrecy Act)
Consolidated/substituted in the committee reportSen. Erwin T. Tulfo
HB 7· Filed Jun 30, 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"
Substituted by HB06707Rep. Ferdinand Martin G. Romualdez +2
HB 4388· 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"
Substituted by HB06707Rep. Bryan B. Revilla +2

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HB07859 · Sources: BatasWatch

In plain language

Author · Representative

Official sources

Related bills · 20th Congress

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