Key facts
- Gaza residents accuse Bank of Palestine of freezing or closing accounts.
- Accused accounts are preventing access to salaries, aid, and savings.
- Lawyers and human rights monitors have criticized the bank's actions.
- Bank of Palestine denies the allegations.
- The bank states all its actions comply with regulations.
Palestinians residing in Gaza have lodged accusations against the Bank of Palestine, alleging that the financial institution is freezing or closing their accounts without providing adequate explanations. This situation is reportedly preventing individuals from accessing crucial funds, including salaries, humanitarian aid, and their personal savings. The accusations have drawn criticism from lawyers and human rights monitors who are scrutinizing the bank's practices. In response to these allegations, the Bank of Palestine has issued a denial. The bank maintains that all its actions are in full compliance with applicable regulations and legal frameworks, refuting claims of improper account closures or freezes.