Enhanced Financial Privacy for Citizens
This new law significantly restricts government access to citizens' private bank data, requiring a search warrant in most cases. It also reduces the scope of information banks must collect and report, aiming to increase financial privacy and lessen bureaucracy for financial institutions.
Key points
Government authorities will need a search warrant to access your bank records, enhancing your privacy.
Banks will collect and report less information about your transactions, reducing financial surveillance.
Changes to penalties for violations may affect the accountability of financial institutions.
Introduced
Citizen Poll