The substantive scope of commitment to banking secrecy

The substantive scope of the commitment to the bank secrecy is the obligation of the bank, under which the bank is committed to maintaining the data, information, names and other transactions of the customer that are confidential as soon as dealing with the bank.It is noted that the legislator in most of the laws stipulated that the obligation in different formats. Article (49) of the Iraqi Banking Law of 2003 states that: (The Bank maintains on secrecy in respect of all accounts, deposits, trusts and funds in which they deposit their holdings