SB 150
Senate·20th Congress·Filed Jul 7, 2025
Amending R.A. No. 1405 (Secrecy of Bank Deposits Law)
An Act Exempting Government Officials and Employees from the Prohibition Against Disclosure of or Inquiry into Deposits with Any Banking Institution, Amending for the Purpose Certain Provisions of Republic Act No. 1405, Otherwise Known as the 'secrecy of Bank Deposits Law'
In plain language
The bill proposes to amend the Bank Secrecy Law so that any deposit made by a government official or employee can be examined by authorities, removing the confidentiality that currently protects such accounts.
Government AdministrationPublic Order and SafetyPublic Works and Infrastructure
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Author · Senator
Subjects
Secrecy of Bank Deposits Law (R.A.No. 1405)
Official sources
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SBN-150 · Sources: BetterGov Open Congress, BatasWatch