Bolivia (BO)

Jurisdiction Overview

IDQuestionAnswer
360 *Are there criminal sanctions, custodial sentencing or any other statutory sanctions for breaches of banking secrecy? Yes, there are prison terms for disclosing client's banking data to any third party (and possibly fines).
 Data Date: 2013

Notes

 
Law 393, Art. 472 establishes banking secrecy. Art. 40 and 42 establish fines as sanctions for violating the law. However, Art. 302 of the Criminal Code establish prison sentence for disclosure of professional secrets, those obtained in the frame of someone's job or position.

Sources

http://www.comunicacion.gob.bo/sites/default/files/docs/LEY%20DE%20SERVICIOS%20FINANCIEROS.pdf
 
Law 393, Art, 40, 42 and 472 and Criminal Code, Art. 302
 
http://www.oas.org/juridico/spanish/gapeca_sp_docs_bol1.pdf