Miguel Ángel Orellana, Chief Prosecutor of the Supraterritorial Prosecutor's Office, dismissed the idea that bank secrecy acts as an impediment to criminal investigations. The official assured that the existence of such confidentiality does not constitute an insurmountable obstacle to ongoing judicial proceedings.
Orellana highlighted the effectiveness of current mechanisms for accessing financial information. According to the prosecutor, lifting bank secrecy is both possible and effective, provided there is the necessary legal basis to request it.
Efficiency in accessing information
The investigative process relies on the Prosecutor's Office's ability to request access to sensitive data. The Chief Prosecutor emphasized that regulations allow for the bypassing of bank confidentiality when required by the justice system to clarify criminal acts.
This access provides the Public Prosecutor's Office with the tools necessary to track capital movements in complex cases. The Supraterritorial Prosecutor's Office maintains its operational capacity to subpoena financial records when sufficient evidence is presented.
Orellana's stance aims to provide reassurance regarding the capacity for criminal prosecution in crimes involving financial transactions. The prosecutor reiterated that bank secrecy does not prevent the collection of key evidence essential to the success of investigations.
