Last month, PSC’s account was closed by the Co-operative Bank which cited “the Bank’s risk appetite” for the closure and has refused to elaborate further.
Another 20[i] organisations working for Palestine – including a number of PSC branches – have also had their accounts closed or denied.
PSC and its legal team believe the decision is discriminatory and contravenes the Equality Act 2010. PSC has today initiated legal proceedings against the Bank.
ITN solicitors, acting on behalf of PSC, state the Co-operative Bank’s “failure to provide any reasons for the closure of PSC’s account, which has been compounded by your failure to provide appropriate disclosure, leads to the conclusion that the decision to close the account is based on:
Our client’s cogent belief in Palestinian rights, including the right to self-determination and the right of return, and to oppose Israel’s occupation and violations of international law.