PD 1034 Section 9

Sanctions for Violations.

Section 9

SECTION 9. Sanctions for Violations. — Any willful violation by any bank authorized to engage in offshore banking in the Philippines of any of the provisions of this Decree, or its implementing rules and regulations, or other terms and conditions of the authority to engage in offshore banking in the Philippines may be subject to the administrative sanctions provided for in Section 34-A, as well as to other applicable provisions, of Republic Act No. 265, as amended.

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Other provisions in PD 1034

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationPD 1034 Section 9 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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