To ask Her Majesty’s Government what advice they have given to banks concerning closing bank accounts of those NGOs supporting the Palestinians.
Answered on
21 December 2015
The Government does not advise banks around the closure of bank accounts of NGOs: it is for a bank itself to decide whether or not to offer products or services to certain individuals or groups, and it would not be appropriate for the Government to seek to control the commercial decisions of banks and other financial institutions, nor compel them to make a specific decision about a bank account. Banks take such decisions taken in accordance with their business strategies, risk appetite and legal and regulatory requirements.