Category Archives: Bank Secrecy Law

All Your Questions About Bank Secrecy Law, Answered

Bank Secrecy Law

What is it? What awaits violators of the law? What types of accounts are covered? Is yours safe? Former US Ambassador to the Philippines Francis Ricciardone noted in his January 2005 cable that the bank secrecy laws of the Philippines are “among the strictest in the world.” This means that bank accounts in the country … Continue reading All Your Questions About Bank Secrecy Law, Answered