Secrecy of Bank Deposits & Its Exceptions + The Foreign Currency Deposit Act (Philippines)

Disclaimer: These videos are intended for purely academic and scholarly purposes and are not meant to serve as a substitute for proper legal advice. The author and any of his heirs, successors, or assigns, assume no liability nor responsibility for misuse or misunderstanding of the information contained in these videos. All rights reserved. Copyright 2021 Paolo Miguel Javier. Unauthorized use or distribution of this content may be punishable by law.

[@user-gk6ki5gn3w]

Attached Javier thanks for your lecture, these are very valuelabe inspite of my advanced age 70 yrs I am still determine to take the Bar for the 3rd times WE PRAY to our Black NAZARENE Chapel, Matalom, Leyte GOD BLESS US ALL. - PRI PLASQUITA, LLB.,(twice bar flunker) POLICE RETIREE, 2016 PRESIDENTIAL ASPIRANT BUT DECLARED NUESANCE Advocacy - PHILIPPINE RETIREES INTEGRATION.(PRI) for a united retirees with INTEGRITY❤your lecture

[@allanjamesdelosreyes1123]

Napadaan ako dito dahil sinusubaybayan ko yung naging impeachment trial noon ni Chief justice Renato Corona. At isa ito sa nabanggit na issue dun sa impeachment. Just here para intindihin yung nilalaman ng batas. Salamat po sa info atty 🙂

[@bochichaydevera2229]

Atty javier, congrats with this new subject matter

[@myrnadomingo5412]

Thank you Atty. for the well-organized explanation.

[@sheilamaepanotes5260]

Thank you for this very informative video, Atty. 😊 God bless you po. 😊

[@maecjeannemadera484]

Well explained 😇 thanks attorney

[@giearestillore1028]

thank you so much Atty.

[@mirasolgonzales6103]

thank you so much attorney,God Bless po

[@cynthiarosariomilanmolina7608]

Thank you so much sir for the discussion 😊. But may I ask po if what is the main point of difference on the examination of peso deposit and foreign currency deposit?

[@JSONFX]

Hello Atty. Tanong lang po, If mag dedeposit ka ng malaking halaga, will the bank ask you about where the money is coming from? Reason being is that I have my money from binance if you're familiar with it, tapos I want to deposit my money from Binance to my bank account. If I deposit a big amount let's say 500k via online transaction, mag tatanong ba yung bank kung san nang galing or will they put my account on hold for validation? And ano po ang maximum deposit amount per transaction? Thank you po.

[@AttyJavierLawVlog]

Hello, yes, if the amount of the transaction falls within the threshold amount of Php500,000.00, then the bank will report it to the Anti Money Laundering Council for investigation to check if it is from a legitimate or illegitimate source. If you would like a study to be conducted on your concern, or if you have other questions, you may request a paid online consultation by sending an email to [e-mail] during office hours to inquire about the rates. Thank you

[@kwjan]

Good evening Panyero! I did not know that SDBs are included in the definition of bank deposits. Thanks a lot for clarifying. By the way, I am listening to your videos because I am currently teaching RFBT, and looking for reference other than the prescribed textbook, and the book of Atty. Zarah-Villanueva.

[@bellevide4753]

Atty., if ang bank employee po nagdisclose ng details ng bank deposit to an unauthorized person po, and that person shared the info to some other personss, can that person be criminally charged for violation of RA1405 for unauthorized examination and disclosure? or yung bank personnel lg po pwede kasohan for unauthorized disclosure? salamat po

[@AttyJavierLawVlog]

Just file a case against both the bank and its employee.

[@bellevide4753]

@@AttyJavierLawVlog thanks po

[@idealhoshi]

hello atty! at what extent po kayang protektahan ng law na to yung mga informations ng depositor? Bakit po gusto ito i-lift ng BSP?

[@Nashtad]

What about in case of bank scam? Does the receiving bank has the capacity to temporarily hold the account given the urgency of the situation?

[@AttyJavierLawVlog]

As far as I am aware, yes. But it will depend on the internal policy of the bank. Best to consult them. Thank you

[@clarsozal7243]

Hi atty, ano po pwdi gwin to unfreeze account if reported money laundering. bank is asking to deposit money 150% ng na freeze n account pra dw mka widraw the purpose is to verify ang financial status

[@AttyJavierLawVlog]

Hello, based on what you said, you may have to file a motion to lift freeze order. It is best to hire a lawyer to assist you in this.

[@orie5751]

hi po~ can i ask po what is the garnishment in bank deposits including the foreign deposits?

[@AttyJavierLawVlog]

Hello, the simplest way to explain garnishment is that it is an order by the court to hold the bank deposit of the depositor to serve as security to pay for the judgment in a pending case. There are certain grounds that must be complied with before the court can grant an application for garnishment. Should you have further questions, you may request a paid online consultation at [e-mail] during office hours to inquire about the rates and other details. Thank you.

[@pinorwayfishingground3706]

Ganito po kasi sitwasyon atty yung kaibigan ko po mag pgawa ng bhay nagpadala xa ng pera sa hipag nya ng 2 milyon ngayon po bglang naglaho si pera na prang bula. Pede po ba mag order ang court para macheck ang acnt ng hipag nya? Ayaw npo mkipag cooperate ng hipag nya po. Mraming salamat po ulit atty bgong subscriber po

[@AttyJavierLawVlog]

Hello, mukhang personal po ang problema. Kung ganun, parang hindi po maganda na isa-publiko sa comment section na mabasa ng kung sinu sino diba? Ang maganda po ay mag-request na lang kayo ng paid online consultation, magpadala lamang ng email sa [e-mail] during office hours para malaman ang rates. Nabanggit nyo din po na ang may problema ay kaibigan nyo, at hindi kayo. Kung ganun, dapat ang may problema ang mismong kumausap sa akin, hindi po maganda na pinapadaan sa ibang tao ang impormasyon. Sabihin nyo na lang po sa kanya na mag request ng paid online consultation, email nya ako during office hours. Salamat po

[@pinorwayfishingground3706]

Mkakapag utos po ba ang korte na icheck ang isang bank accnt kung hindi po pinapayagan ng isang akusado kung may case na stafa ang akusado? Thanks and more power

[@AttyJavierLawVlog]

Hello, nabanggit ko po yan sa video. Salamat.

[@mjcd434]

Thank you for this Atty. But may i ask po if ano ang purpose ng FCDA?

[@AttyJavierLawVlog]

Huh. I mentioned it. And you can read the law itself, the stated purpose is there. Thank you

[@allanrunes6291]

atty pati po ba yung nanghihingi (3rd party) ng information regarding sa bank deposits ng ibang tao ay magiging liable sa pag violate ng RA 1405?o yung bank personnel lang po ung makakasuhan?salamat po

[@AttyJavierLawVlog]

According to the wording of the law, the bank official/employee may be held principally liable. As for the 3rd party, he may be held liable as a principal by indispensable cooperation or as an accomplice.

[@allanrunes6291]

@@AttyJavierLawVlog maraming salamat po♥️

[@rommelcaritativo3005]

Attorney matanong ko lng po, may kakilala po kasi ako n ngtatrabaho s ibang bansa at maganda trato sa kanya ng amo nya n turing s kanya parang tunay n anak dahil walang pamilya yung amo nya, at pinamanahan sya ng malaking halaga, bank to bank transfer po, ang tanong ko po kung papalo po ba yun sa AMLA or Anti Money Laundering Act? Salamat po

[@AttyJavierLawVlog]

Hello. Depende po eh, may ilang factors na tinitingnan bago ito Silipin ng AMLA. Mabuti po siguro na huwag nyo pag usapan ito in public, at mag request na lamang po kayo ng paid online consultation, magpadala lamang ng email sa [e-mail] during office hours para malaman ang rates. Salamat po

[@rommelcaritativo3005]

@@AttyJavierLawVlog thank you po attorney

[@seedseed13]

Hello atty..what if galing po sa crypto ang pera medyo malaki at ittransfer ko sa banko.dipo kaya maffeeze ang accnt ko

[@AttyJavierLawVlog]

Possible po kung lagpas po sa threshold amounts ng AMLA. Gawin nyo nalang siguro pa konti konti. Kung may tanong pa kayo, maaari kayo mag request ng paid online consultation, magpadala lamang ng email sa [e-mail] during office hours para malaman ang rates at iba pang mga detalye. Salamat po

[@seedseed13]

salamat attt..godbless

[@FiveandCook]

Atty ask ko lang po. Asa ejs process po Kami. Tapos po sabi ng lawyer namin he will personally go to my mom's bank to see how much yung pera dahil kailangan daw sa taxes sa BIR. Patay na po ang mama ko. Bakit po need ng BIR to know the amount of my mom's bank statement? Diba po bawal po yun in accordance sa bank secrecy law?

[@AttyJavierLawVlog]

Hello. Una po, dahil nabanggit nyo na may lawyer kayo, da kanya po dapat kayo magtanong dahil pinagbabawal po kami makialam sa kaso na hawak ng ibang abogado. Pwede po kami maparusahan. Pangalawa, para lang hindi po kayo maiwan sa ere, pag ni-settle ang estate, kailangan malaman ng BIR kung tama ba ang halaga ng estate tax na binayaran o babayaran. Paalala po, sa sarili nyo pong abogado kayo kumonsulta, kaya pasensya na po at hindi ko na kayo aalukin na mag request ng paid online consultation sa amin. Good luck po.

[@FiveandCook]

@@AttyJavierLawVlog thanks po at pasencya na po if I placed u sa alanganin. On my part lang po nag iisip kami magpalit ng services dahil we are not satisfied sa mga result kaya po ako nag tanong. Thanks po at pasencya na po if I placed my question inappropriately. God bless po and more power sa channel

[@johnpauljavier1806]

Atty. Ask ko lang po kapag nagcheat ba sa gf/bf may kaso ba na pwde isampa? Hindi naman po kasal. Thank you po atty.

[@AttyJavierLawVlog]

Kung babae ang magsasampa, pwede VAWC (violence against women and children). Pag lalaki.... Malabo. Pwede naman siguro pilitin civil case for damages or criminal case for unjust vexation, pero malabo yan. Depende rin sa circumstances ng nangyari. Kung totoong kaso ito at nais nyo mag consult, maaari kayo magpadala ng email sa [e-mail]. Salamat

[@bosskj2863]

Atty ., good day . Pwidi po ba mag transfer ng pera sa bank account ko from crypto currency

[@AttyJavierLawVlog]

Hello. Pasensya na po, hindi ko po alam. Hindi po sakop ng practice ko ang crypto currency.

[@opinion_lang3998]

Hello Atty...tanong lang po.. humanitarian charity vlogger ba dapat mag register sa SEC????? SALAMAT PO..

[@AttyJavierLawVlog]

If a corporation or other similar business entity, then yes.

[@opinion_lang3998]

@@AttyJavierLawVlog thank you Atty sa reply..

[@tytraulich4987]

Not being able to deposit say 5-15 million in the US without having govt agency nannying is childish.

[@kimberlynatad8134]

Good morning po atty. Pwede po pa ask if may nag deposit po sa bank account (Philippines) galing sa ibang bansa then yong account po Hindi pa po nakakaranas nang deposits na galing sa ibang bansa ano po ang mangyayari sa pera na na deposit po sa account na galing ibang bansa? Hindi na po ma deposit sa bank account Dito sa Philippines? Thank you po Atty.

[@AttyJavierLawVlog]

Money transfers should happen normally. For any problems, it is best to consult your bank. Thank you

[@kimberlynatad8134]

@@AttyJavierLawVlog thank you po atty. Keep safe and God Bless po

[@katecrystelreyes1008]

Atty. FRIA law and PDIC baka po pwede next content

[@AttyJavierLawVlog]

Sige add ko sa list 😊

[@papz8747]

Meron Po Ako foreign check galing insurance company sa america..ilang days Po ba clearing bkt Ang tagal

[@AttyJavierLawVlog]

Hindi ko po alam, dahil foreign check iyan. Tanong nyo nalang po sa banko ninyo. Salamat.

[@franklinparsons5486]

Saan nyo po napa deposit yung cheque na galing sa insurance from ibang bansa po sir? Ask ko lng po kasi may paparating din ako na check galing life insurance company sa US. Sa anong bank po kayo nag deposit., at saang bank po pwde mag deposit at mag accept ng insurance foreign check?

[@papz8747]

@@franklinparsons5486 any bank Po bsta meron Po kayu dollar account dto sa pinas

[@franklinparsons5486]

Ilang days po yung clearing sa cheque nyo sir?

[@papz8747]

@@franklinparsons5486 21days clearing inabot din Isa buwan

[@mirasolgonzales6103]

ask permission atty. alex to use some of the information from yours for my report in grad studies

[@AttyJavierLawVlog]

Who is Atty Alex? Go ahead, no need to cite me, just cite the law itself. Primary sources such as the law itself will always be the best sources.

[@nicshan6986]

Has RA 6426 been amended to include local filipino residents?

[@josejersondelacruz3834]

Hillo po atty..hingi ulit sana ako ng advice about dun sa manager namin na ginamitan ako ng sexual harrasment...lumabas na kasi katutuhanan na may mali ang manager namin yun daw ang nkita ng company pero nag offer sakin ang company na ako aalisin sa work para hndi daw lumala ang away namin...kaya nag offer ang company ng 100k para umalis ako. Tama po ba yan na ako ang inalis tpos yan daw ang sinasabi na separetion pay na 100k tama po ba yan sa loob ng 12years ko sa company isa po akong regular salmt po..god bless po atty.

[@AttyJavierLawVlog]

Hello. Maaari ka mag sampa ng kaso. Mag-hire na po kayo ng abogado, o di kaya magpatungo sa Public Attorney's Office. Salamat po

[@josejersondelacruz3834]

@@AttyJavierLawVlog pero atty.sapat ba yun na 100k sa loob ng 12years ko sa company na separetions pay na bigay ng company..kaso kasi hndi nila magawa na alisin ang mànager sa company ehh.

[@AttyJavierLawVlog]

Hindi ko po masasagot nang hindi naaaral ang kaso mo. Kaya talaga po mag-hire ng abogado para sa kanya nyo ipakita ebidensya nyo at para mapag-aralan kung tama nga ba o Hinde. Hindi naman po pwede sagutan yan ng basta basta sa isang youtube comment.

[@josejersondelacruz3834]

@@AttyJavierLawVlog ahhh gnun po ba cge po maraming atty.god bless po 🙏🙏🙏

[@nedilynhermoso9938]

Hi atty, may i ask po ano pong nasa fix salary ,d ba pwedi for ot sila?

[@AttyJavierLawVlog]

Huh? Ano po ibig mo sabihin? Di ko maintindihan tanong mo. Ang OT hindi kasama yan sa salary. Makukuha mo lang yan pag nagtrabaho ka sa labas ng takdang oras.

[@joycedumlao6728]

Thank you so much Atty.