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  • ASSIGNMENT

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    Samuel Baula
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    This document discusses Philippine laws regarding the secrecy of bank deposits. It outlines Republic Act No. 1405 which prohibits the disclosure of bank deposit information, with exceptions provided by law and jurisprudence. Additional related laws and cases are cited, including the Foreign Currency Deposit Act and cases from the Supreme Court of the Philippines dealing with issues like disclosure of foreign currency deposits. An attachment on deposits and a primer on secrecy of bank deposits are also referenced.

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    This document discusses Philippine laws regarding the secrecy of bank deposits. It outlines Republic Act No. 1405 which prohibits the disclosure of bank deposit information, with exceptions provided by law and jurisprudence. Additional related laws and cases are cited, including the Foreign Currency Deposit Act and cases from the Supreme Court of the Philippines dealing with issues like disclosure of foreign currency deposits. An attachment on deposits and a primer on secrecy of bank deposits are also referenced.

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    Download as DOCX, PDF, TXT or read online from Scribd
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    16 views1 page

    ASSIGNMENT

    Uploaded by

    Samuel Baula
    This document discusses Philippine laws regarding the secrecy of bank deposits. It outlines Republic Act No. 1405 which prohibits the disclosure of bank deposit information, with exceptions provided by law and jurisprudence. Additional related laws and cases are cited, including the Foreign Currency Deposit Act and cases from the Supreme Court of the Philippines dealing with issues like disclosure of foreign currency deposits. An attachment on deposits and a primer on secrecy of bank deposits are also referenced.

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    I.

    DEPOSITS – SEE ATTACHED MATERIALS ON DEPOSITS


    II. Laws on Secrecy of Bank Deposits
    i. R. A. No 1405
    1. Section 2
    2. Additional exemptions as provided in laws and jurisprudence
    3. Section 3 Prohibition on Disclosure (See Attached Articles)
    ii. R. A. No. 6426 (Foreign Currency Deposit Act)
    iii. CASES
    1. Mellon Bank, NA v. Magsino, 190 SCRA 633 (1990)
    2. Union Bank v. CA, GR 134699, December 23, 1999
    3. Marquez v. Desierto, 359 SCRA 772 (2001)
    4. PNB v. Gancayco, 122 Phil 503 (1965)
    5. Ejercito v. Sandiganbayan, 509 SCRA 190 (2006)
    6. Salvacion v CBP, 278 SCRA 27 (1997)
    7. China Banking Corporation v. CA, 511 SCRA 110 (2006)

    iv. Secrecy of Bank Deposits Primer

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