Bill placed in parliament to upgrade bankers’ law
The Bankers' Book Evidence Bill 2021, defining digitally recorded documents as evidence, was placed in parliament yesterday.
Finance Minister AHM Mustafa Kamal placed the bill, which was sent to a parliamentary standing committee on finance ministry for further scrutiny.
The parliamentary watchdog was asked to submit its report within 30 working days.
The draft new law was brought to incorporate digitally recorded evidences in an existing law. The proposed law will replace the old Bankers' Book Evidence Act 1891 as many aspects of the current law are not familiar with the real situation of the present time.
Besides, the banks are now working digitally, which was not mentioned in the previous law and this is one thing that the draft law has addressed.
The proposed law has suggested making information public, except those of a private nature which would require prior permissions from the court and authorities concerned. The new law also states of some offences, punishments and trial procedures to prevent unauthorised and behind-the-scene leak of any information.
The bill defines the jurisdiction of courts for any bank related information, which was totally prohibited in the old law.
Some of the information has been opened up in the new law, axing the privileged and personal information, which will be authorised to be published.
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