PNP wants banks to adhere to regulations
October 16, 2006
THE ruling People's National Party (PNP) has called on the Ministry of Finance and the Bank of Jamaica to ensure that financial institutions operate in the manner prescribed by the Acts governing their licences.
PNP chairman Robert Pickersgill, in a statement last Friday, said several recent incidents have raised questions about the confidentiality of banker/customer information, including reports from two PNP members that their private banking transactions have been related to them by persons not employed by their financial institutions.
Pickersgill said that in one instance a Jamaica Labour Party Member of Parliament was able to relate the details of a PNP Member of Parliament's loan standing at a commercial Bank, and in the second instance, another party member was specifically told the contents (or lack thereof) in his bank account.
"Members in question have been urged to report these breaches to their respective financial institutions and demand immediate investigations and restitution," said Pickersgill. He also urged them to report the matter in writing to the Ministry of Finance and the Bank of Jamaica.
The PNP chairman's statement came in light of the recent leak of banking information about a $31 million 'donation' to his party to an account named CCOC from Dutch oil trader Trafigura....
Author: Observer Reporter
Source: Jamaica Observer
