Penalty Increase for Swindling in Rural Banks

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PRESIDENTIAL DECREE NO. 1689: Penalty Increase for Swindling in Rural Banks

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Title Source: Supreme Court: Penalty Increase for Swindling in Rural Banks

Law: Presidential Decree No. 1689

Decision Date: Apr 6, 1980

Presidential Decree No. 1689 is a Philippine law enacted in 1980 to combat swindling and fraud, imposing severe penalties for syndicate-based swindling and addressing individual cases involving significant amounts of money, with the aim of protecting public confidence in the banking and cooperative system and preventing economic sabotage.

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