SB 286

Senate·20th Congress·Filed Jul 9, 2025

Deposits Disclosure Act

An Act Allowing Disclosure of Deposits, Repealing for the Purpose the Pertinent Laws on Secrecy of Deposits

In plain language

The Deposits Disclosure Act would end absolute bank‑deposit secrecy in the Philippines, allowing banks and regulators to access account information for specific, legally defined purposes such as tax or money‑laundering investigations, while still protecting privacy and imposing penalties for misuse.

Public Order and SafetyTaxationConsumer Protection

Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.

Author · Senator

Kiko Pangilinan
SenatorFrancis "Kiko" Pangilinan
Receipts →

Subjects

Deposits Disclosure

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
SB 1728· Filed Jan 28, 2026
Banking Reform for Integrity, Good Governance, Honesty, and Transparency (Bright) Act
Pending second reading, special orderSen. Panfilo M. Lacson
SB 1047· Filed Aug 6, 2025
Amending Sec. 2 of R.a.. No. 1405 (Secrecy of Bank Deposits Law)
Consolidated/substituted in the committee reportSen. Jinggoy Ejercito Estrada
SB 38· Filed Jul 2, 2025
Strengthening the Secrecy of Bank Deposits Law
Consolidated/substituted in the committee reportSen. Panfilo M. Lacson
HB 3026· Filed Aug 5, 2025
An Act Promoting Transparency and Strengthening Bank Mechanisms in the Operation of Banks, Amending for the Purpose Republic Act No. 1405, Otherwise Known as "The Secrecy of Bank Deposits Law"
Substituted by HB06707Rep. Jurdin Jesus M. Romualdo

Spot something wrong?

SBN-286 · Sources: BetterGov Open Congress, BatasWatch