Question
Under Foreign Currency Deposit Act of the Philippines or R.A. 6426, what is the only exception for the absolutely confidential nature of Foreign Currency Bank
Under Foreign Currency Deposit Act of the Philippines or R.A. 6426, what is the
only exception for the absolutely confidential nature of Foreign Currency Bank
Deposits?
a. Upon written permission or consent in writing by the depositor.
b. In cases of impeachment of the President, Vice President, members of the
Supreme Court, members of the Constitutional Commission (Commission
on Elections, Civil Service Commission and Commission on Audit) and the
Ombudsman for culpable violation of the Constitution, treason, bribery,
graft and corruption, other high crimes or betrayal of public trust. (Art. XI,
Sec. 2, 1987 Philippine Constitution)
c. Upon order of a competent court in cases of bribery or dereliction of duty
of public officials.
d. In cases where the money deposited or invested is the subject matter of
the litigation
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