Mbabane- In the wake of an article published by the Times of Eswatini, First National Bank of Eswatini (FNBE) has firmly asserted its commitment to regulatory compliance and client confidentiality.
The article published on the 3rd December 2024 dupped “Central Bank points at investors, FNB,” The Bank said the impression created by the headline suggests that FNBE neglected its duty to report suspicious transactions, however the bank has issued a rebuttal.
FNBE asserts that it has complied with all regulatory obligations and has proactively disclose necessary information to the relevant authorities.
“FNBE discharged all regulatory obligations and made all proactive disclosures to relevant authorities as required by law,” reads the press statement.
In its official statement, FNBE emphasized that as a regulatory financial entity, it adheres strictly to the laws governing its operations.
“We are not allowed to disclose any information on our clients to any third party other than as prescribed by law, writes FNB.
Additionally, FNBE clarified that while it’s bound by strict confidentiality laws that prevent the disclosure of client information, it has consistently engaged with regulators and law enforcement when required. The bank further reiterated that it operates within the framework of applicable laws in Eswatini, emphasizing that client confidentiality is paramount.
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