pc
nid 93233
Jun 12, 2026
pdonofrio@vixio.com
Philippines
Republic of the Philippines
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1233 charsPhilippines Declares July 1, 2026 Special Non-Working Day in Kibawe Municipality
On June 12, 2026, the Office of the President of the Philippines issued Proclamation No. 1316 s. 2026, declaring Wednesday, July 1, 2026, a special non-working day in the municipality of Kibawe, Province of Bukidnon.
The proclamation establishes July 1, 2026, as a special holiday for the municipality, suspending regular business and government operations on that date. This type of proclamation is issued under the authority of Commonwealth Act No. 638, which governs the declaration of special non-working days in the Philippines. Special non-working day declarations are typically made to commemorate significant local events, anniversaries, or occasions of regional importance to specific municipalities or provinces.
The proclamation took effect upon its publication in the Official Gazette of the Republic of the Philippines on June 12, 2026. All government offices, educational institutions, and private establishments in Kibawe municipality are expected to observe the special non-working day on July 1, 2026, unless otherwise specified by relevant authorities or employers.
REFERENCES:
Proclamation No. 1316 s. 2026, Official Gazette of the Republic of the Philippines, available at: https://www.officialgazette.gov.ph/
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1220 charsUS Financial Crimes Enforcement Network Issues Information Sharing Guidance to Help Financial Institutions Mitigate Fraud
On June 12, 2026, the US Financial Crimes Enforcement Network (FinCEN) updated guidance on voluntary information sharing practices that can be used by financial institutions to combat fraud under Section 314(b) of the USA PATRIOT Act .
The guidance clarifies that the statutory safe harbor from liability extends to sharing information about suspected fraud and other criminal activities, with financial institutions reminded of their ability to share this intelligence even if suspected activities do not constitute a formal transaction, as defined under federal law.
The guidance also clarifies that the types of information permitted for sharing are broad, consisting of transaction information, video surveillance footage and cyber-related data.
FinCEN additionally notes that existing Bank Secrecy Act (BSA) regulations already broadly prohibit financial institutions from sharing actual suspicious activity reports (SARs) or revealing their existence.
Furthermore, FinCEN advises that, while financial institutions may voluntarily participate in information sharing, these efforts should not result in a failure to maintain adequate procedures to protect the security and confidentiality of shared information.