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Home News Mastercard, Visa warned to cut ties with payments to terrorists

Mastercard, Visa warned to cut ties with payments to terrorists

Document Analysis NLP IA

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probably it's an affirmation
Affirmation0.29098360655738

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Summary (IA Generated)

Palestinian Media Watch is warning Mastercard and Visa that the companies could be exposed ‘to both criminal and civil liability‘ if they provide credit card services to terrorists.

Israeli law bars banking institutions from providing services to terrorists, PMW said.

‘When the PA banks – who can identify the accounts of the terrorist prisoners (or their proxies) and the released prisoners and the families of the dead terrorists – allow these groups of people to request and receive Mastercard and Visa credit cards, they are clearly breaching their contracts with the credit card companies,’ PMW said this week.

The credit card companies likely were ‘unaware that the banks would facilitate both terror funding and the payment of terror rewards,’ but now PMW said it has ‘notified and warned both companies of the terror supporting operations of these banks.

PMW explained that Israel recently adopted legislation applying to the PA-controlled areas in the West Bank that ‘prohibits, inter alia, any bank transaction that funds, promotes, assists, or rewards the performance of an act of terror.

‘Warning letters sent … to the banks informed them of the new Israeli legislation and urged them to immediately close the accounts of the terrorist prisoners and released prisoners.


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