Article 116Act No. 3815, Sec./Art. 116

Misprision of treason.-Every person owing allegiance to the United States or the Government of the Philippine Islands, without being a foreigner, and having knowledge of any conspiracy against them, who conceals or does not disclose and make known the same, as soon as possible to the governor or fiscal of the province, or the mayor or fiscal of the city in which he resides, as the case may be, shall be punished as an accessory to the crime of treason.

REVISED PENAL CODE TEXT AND SPECIAL PENAL LAWS

examination into the affairs of the institution; any willful

making of a false or misleading statement to the Board or

the appropriate supervising and examining department

or its examiners; any willful failure or refusal to comply

with, or violation of, any banking law or any order,

instruction or regulation issued by the Monetary Board, or

any order, instruction or ruling by the Governor; or any

commission of irregularities, and/or conducting business

in an unsafe or unsound manner as may be determined

by the Monetary Board, the following administrative

sanctions, whenever applicable:

(a) fines in amounts as may be determined by the

Monetary Board to be appropriate, but in no case to

exceed Thirty thousand pesos (P30,000) a day for each

violation,

taking

into

consideration

the

attendant

circumstances, such as the nature and gravity of the

violation or irregularity and the size of the bank or

quasi-bank;

(b) suspension of rediscounting privileges or access to

Bangko Sentral credit facilities;

(c) suspension of lending or foreign exchange operations

or

authority

to

accept

new

deposits

or make new

investments;

(d) suspension of interbank clearing privileges; and/or

(e) revocation of quasi-banking license.

Resignation or termination from office shall not exempt

such director or officer from administrative or criminal

sanctions.

The

Monetary

Board

may,

whenever

warranted

by

circumstances,

preventively

suspend

any

director

or

officer of a bank or quasi-bank pending an investigation:

Provided, That should the case be not finally decided by

the Bangko Sentral within a period of one hundred

twenty (120) days after the date of suspension, said

director or officer shall be reinstated in his position:

Provided, further, That when the delay in the disposition

of the case is due to the fault, negligence or petition of

the director or officer, the period of delay shall not be

counted in computing the period of suspension herein

provided.

The above administrative sanctions need not be applied

in the order of their severity.

Whether or not there is an administrative proceeding, if

the

institution

and/or

the

directors

and/or

officers

concerned continue with or otherwise persist in the

commission of the indicated practice or violation, the

Monetary

Board

may

issue

an

order

requiring

the

institution and/or the directors and/or officers concerned

to

cease

and desist from the indicated practice or

violation, and may further order that immediate action be

taken to correct the conditions resulting from such

practice or violation. The cease and desist order shall be

immediately effective upon service on the respondents.

The respondents shall be afforded an opportunity to

defend their action in a hearing before the Monetary

Board or any committee chaired by any Monetary Board

member created for the purpose, upon request made by

the respondents within five (5) days from their receipt of

the order. If no such hearing is requested within said

period, the order shall be final. If a hearing is conducted,

all issues shall be determined on the basis of records,

after which the Monetary Board may either reconsider or

make final its order.

The Governor is hereby authorized, at his discretion, to

impose upon banking institutions, for any failure to

comply with the requirements of law, Monetary Board

regulations and policies, and/or instructions issued by the

Monetary Board or by the Governor, fines not in excess of

Ten thousand pesos (P10,000) a day for each violation, the

imposition of which shall be final and executory until

reversed, modified or lifted by the Monetary Board on

appeal.

RA No 1405 | Secrecy of Bank Deposits Act

September 9, 1955

REPUBLIC ACT NO. 1405

As amended by PD No 1792

AN ACT PROHIBITING DISCLOSURE OF OR INQUIRY

INTO, DEPOSITS WITH ANY BANKING INSTITUTION

AND PROVIDING PENALTY THEREFOR

SECTION 1. It is hereby declared to be the policy of the

Government to give encouragement to the people to

deposit

their

money

in banking institutions and to

discourage private hoarding so that the same may be

properly utilized by banks in authorized loans to assist in

the economic development of the country.

SECTION 2. All deposits of whatever nature with banks or

banking

institutions

in

the

Philippines

including

investments in bonds issued by the Government of the

Philippines,

its

political

subdivisions

and

its

instrumentalities,

are

hereby

considered

as

of

an

absolutely confidential nature and may not be examined,

inquired

or looked into by any person, government

official, bureau or office, except when the examination is

made in the course of a special or general examination of

a bank and is specifically authorized by the Monetary

Board

after

being satisfied that there is reasonable

ground to believe that a bank fraud or serious irregularity

has been or is being committed and that it is necessary to

look

into

the

deposit

to

establish

such

fraud

or

irregularity, or when the examination is made by an

independent auditor hired by the bank to conduct its

regular audit provided that the examination is for audit

purposes only and the results thereof shall be for the

exclusive use of the bank, or upon written permission of

the depositor, or in cases of impeachment, or upon order

of a competent court in cases of bribery or dereliction of

duty of public officials, or in cases where the money

deposited

or

invested

is

the subject matter of the

litigation. (as amended by PD No 1792)

SECTION

3.

It

shall

be

unlawful for any official or

employee of a bank to disclose to any person other than

those

mentioned

in

Section

Two

hereof,

or

for an

independent auditor hired by a bank to conduct its

regular audit to disclose to any person other than a bank

director, official or employee authorized by the bank, any

information concerning said deposits. (as amended by

PD No 1792)

SECTION 4. All Acts or parts of Acts, Special Charters,

Executive

Orders,

Rules

and

Regulations

which

are

inconsistent with the provisions of this Act are hereby

repealed.

SECTION 5. Any violation of this law will subject offender

upon conviction, to an imprisonment of not more than

five years or a fine of not more than twenty thousand

pesos or both, in the discretion of the court.

SECTION 6 . This Act shall take effect upon its approval.

Approved, September 9, 1955.

Published in the Official Gazette, Vol. 51, No. 10, p. 4976 in

October 1955

(Secrecy of Bank Deposits Act, Republic Act No. 1405,

[September 9, 1955])

RA No 9165 | Comprehensive Dangerous

Drugs Act of 2002

Book TWO Title FIVE

REPUBLIC ACT NO. 9165 June 7, 2002

AN ACT INSTITUTING THE COMPREHENSIVE

DANGEROUS DRUGS ACT OF 2002, REPEALING

REPUBLIC ACT NO. 6425, OTHERWISE KNOWN AS THE

© Compiled By RGL

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