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Bill: RP-Law: Bank secrecy Act
Details
Submitted by[?]: Faschistische Union
Status[?]: passed
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: November 4322
Description[?]:
| We hereby suggest the following law and ask the President to put it into effect as executive order: 1. All customers in the financial sector have the right to complete and absolute secrecy over their bank accounts/share depot or similiar products within the Solential Social Republic. 1.1 This especially includes informations about interests and share deals. 2. No identification is required to open, close or manage a bank account in Solentia. 2.1 Banks/ financial institutes do not have the right to ask for identification. 2.2 Only non-electronic data devices may be used to store informations in the banks of Solentia. 3. No information over any foreign customer may be passed on to other states, organizations or else. Only the customer may allow the bank to do so. In general, financial institutions are not allowed to hand out any informations about their customers. 3.1 On request the minister for internal affairs can pass informations about foreign account holders. The foreign customer has the right to appeal before court against this action. The minister is only allowed to do so after a court order was obtained by a court in Solentia. 3.2 All ncessary informations will be passed to relatives, if the death of account holder takes place. This has to be proven by certified legal documents.The ministry for internal affairs has to approve the release of informations or/and the dissolution of a bank account. 3.3 All bank business shall be tax free. 4. Violations of this law will be persecuted with at least 3 years in prison. The breach of the secrecy of a bank account is persecuted by at least 5 years in prison. 5. This is a law and has to pass with an absolute majority and can only revoked or changed with such a majority. |
Proposals
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes |
Total Seats: 335 | ||||
| no |
Total Seats: 166 | ||||
| abstain | Total Seats: 249 |
| Random fact: Don't put "the" as the first word in your party name, because when parties are referred to in news reports, their names are preceded with "the", e.g. the [Socialist Party] has lost. |
| Random quote: “Where would the weapons and equipment come from once you've banned the defence industry? Will we be defended by all your hippy people hurling potatoes and cabbages?” - Margaret Woodhall, former Dranian politician |