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شبكة قدس الإخبارية
Bank of Palestine manages Gaza accounts amid freezes and probes
The article discusses the deteriorating situation of bank accounts for clients of Bank of Palestine in the Gaza Strip, where an increasing number of accounts are being frozen or closed without clear notices or sufficient explanations. This hampers customers' access to their funds and savings, especially amid the liquidity crisis caused by the war. Testimonies highlight that the procedures exceed normal standards, involving security information collection and field investigations, which raises questions about the bank's respect for customers' rights and the legal boundaries in verification and data gathering. Human rights organizations, led by the Euro-Mediterranean Observatory, criticize these policies and accuse the bank of using them to impose broad restrictions on the funds of Gaza residents. The bank affirms that these measures are carried out in accordance with the law. Concerns also arise regarding the fate of the blocked funds, the mechanisms for appealing, and the legality of continued seizure of money, especially as Gaza's residents need their funds to meet their basic living needs after the destruction of the area's economic infrastructure.
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