Financial Crime Financial Crime

Philippines looks to roll back its Bank Secrecy Law to aid financial-crime investigations

By Ben Lucas
  • 23 Apr 2021 03:26
  • 23 Apr 2021 03:26
The Philippines is looking to roll back its Bank Secrecy Law following criticism that it limits most of the country’s law enforcement agencies and regulators from gaining direct and timely access to bank data to help investigate potential financial crimes.

Under the law as it now stands, only the country’s anti-money laundering

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