Banking

PMA tries to mediate dispute over bank account closures

















































PMA tries to mediate dispute over checking account closures – Central Banking




Banks in Palestine caught between Fatah gunmen and Israel Protection Forces order


Bethlehem, West Bank, Palestine

Bethlehem, West Financial institution, Palestine

The Palestine Financial Authority (PMA) is making an attempt to mediate a dispute prompted by the closure of financial institution accounts belonging to Palestinian prisoners, because the scenario dangers descending into violence.

Israel handed laws regarding the Israel Protection Forces on Might 9, stating that anybody funding people accused of terrorist offences might face 10 years in jail. The regulation led many Palestine-based banks to shut accounts held by Palestinian prisoners charged with terrorism.

In an announcement

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