Practice question
A private contractor obtains financial-account information from a BSP AFASA inquiry and sends it to a debt-marketing company for an unrelated campaign. No existing law allows this disclosure. The contractor claims Section15 governs government and bank staff only. Which answer is correct?
- Section15 also reaches other persons who obtained the specified information, so the claimed personal-scope exemption fails
- Every contractor is automatically exempt
- Marketing is always an AFASA prosecution purpose
- Access to the data transfers ownership of all confidentiality rights
- Only physical cash is protected by AFASA
Legal references
- RA12010 AFASA: https://lawphil.net/statutes/repacts/ra2024/ra_12010_2024.html Sections14–15.
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