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Sep 26 2025 Philippines SEC Supports Lifting Bank Secrecy to Combat Corruption and Fraud
The Securities and Exchange Commission (SEC) has announced its support for legislative proposals aimed at amending the Philippines’ existing bank secrecy laws, framing the move as a necessary measure in the fight against corruption.
SEC Chairperson Francis Lim stated that easing the country’s bank secrecy laws would help uphold trust and confidence in the Philippine capital…