Tags » Bank Secrecy Laws

Republic v Judge Eugenio G.R. No. 174629, February 14, 2008

Sec. 2 of the Bank Secrecy Act itself prescribes exceptions whereby these bank accounts may be examined by any person, government official, bureau or offial; namely when: (1) upon written permission of the depositor; (2) in cases of impeachment; (3) the examination of bank accounts is upon order of a competent court in cases of bribery or dereliction of duty of public officials; and (4) the money deposited or invested is the subject matter of the litigation. 869 more words

Bank Secrecy Laws

China Banking Corporation v Court of Appeals G.R. No. 140687 December 18, 2006

As the owner of the funds unlawfully taken and which are undisputably now deposited with China Bank, Jose Gotianuy has the right to inquire into the said deposits.A depositor, in cases of bank deposits, is one who pays money into the bank in the usual course of business, to be placed to his credit and subject to his check or the beneficiary of the funds held by the bank as trustee. 504 more words

Ejercito vs. Sandiganbayan G.R. Nos. 157294-95, 30 November 2006

RA 1405 does not provide for the application of this rule.  At all events, the Ombudsman is not barred from requiring the production of documents based solely on information obtained by it from sources independentof its previous inquiry. 845 more words

Intengan v Court of Appeals G.R. No. 128996, February 15, 2002

When the accounts in question are U.S. dollar deposits, the applicable law is not Republic Act No. 1405 but Republic Act (RA) No. 6426, known as the “Foreign Currency Deposit Act of the Philippines,” However, applying Act No. 236 more words

Union Bank v Court of Appeals G.R. No. 134068. June 25, 2001

The bank can be compelled to disclose its accounts, as an exception under R.A. No. 1405, in a litigation involving a cause of action of one bank to the other on an errouneously encoded check. 521 more words

Salvacion v Central Bank G.R. No. 94723. August 21, 1997

The application of Section 8 of Republic Act No. 6426, on bank secrecy, depends on the extent of its justice. Eventually, if we rule that the questioned Section 113 of Central Bank Circular No. 603 more words

Emmanuel Oñate and Econ Holdings Corporation v Abrogar and Sunlife Insurance Company of Canada G.R. No. 107303 February 21, 1994

Section 10 Rule 57 is not incompatible with Republic Act No. 1405, as amended, (Bank Deposits Secrecy Law) for Section 2 therefor provides an exception “in cases where the money deposited or invested is the subject matter of the litigation. 871 more words