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Showing posts with label R.A. 1405. Show all posts
Showing posts with label R.A. 1405. Show all posts

11. The Bank Secrecy Law

Under Republic Act No. 1405 (The Bank Secrecy Law), bank deposits are considered absolutely confidential and may not be examined, inquired or looked into by any person, government official, bureau or office. What are the exceptions? 5%