Law On Secrecy of Bank Deposits 1. What Is The Purpose of The Law?
Law On Secrecy of Bank Deposits 1. What Is The Purpose of The Law?
c. Any person who commits a violation of any of the provisions of the law;
No. Bank deposits and investments of a public official, his spouse and unmarried
children may be taken into consideration in the enforcement of Sec 8 of the RA
3019 or The Anti-Graft and Corrupt Practices Act.
The Foreign currency deposits are also exempt from attachment, garnishment, or
any other order or process of any court, legislative body, government agency or
any administrative body whatsoever. (Sec. 8, RA 6426)