House approves banking data access legislation

The National Assembly on Thursday approved a bill that will enable the Guyana Revenue Authority (GRA) to access the banking data of citizens, even as government rejected proposals from the PPP that would require that customers be given prior notice of any attempt to access their financial information.

The Financial Institutions (Amendment) Bill 2015 sought to amend section 63 of the Financial Institutions Act to permit disclosure of customer information by a financial institution to the GRA, where a law so requires or where the revenue authority makes a lawful request or demand for the information.