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House approves amendments to bank secrecy law on third reading

22 December 2025
in Business
Reading Time: 1 min read
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House approves amendments to bank secrecy law on third reading
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LAWMAKERS approved on third and final reading a measure that would allow the Bangko Sentral ng Pilipinas (BSP) to look into the accounts of individuals involved in illegal financial activities.

During a House session on Monday, 270 members voted in favor of House Bill No. 6707, which seeks to amend the country’s decades-old bank secrecy law and empower the central bank to investigate cases of corruption and illicit financing.

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