Medalla seeks lifting of bank secrecy law

By Mayvelin U. Caraballo

Aug 03, 2022 12:33 am

BANGKO Sentral ng Pilipinas (BSP) Governor Felipe Medalla wants the Financial Executives Institute of the Philippines (Finex) to support the lifting of the bank secrecy law.

Speaking at a Finex special membership meeting, Medalla said the central bank was requesting more authority so it could examine suspect bank accounts, particularly those possibly linked to illegal activities.

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