Banking Secrecy
/ˈbæŋkɪŋ ˈsiːkrəsi/
Definitions
- (n.) The legal principle and practice of protecting confidential information related to clients' bank accounts from unauthorized disclosure.
Banking secrecy laws vary widely between jurisdictions, influencing international financial privacy.
Forms
- banking secrecy
Related terms
See also
Commentary
Banking secrecy traditionally emphasizes client privacy but is increasingly balanced against regulatory transparency requirements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.