• 1 Marks

BL – May 2014 – L1 – SA – Q17 – Law Relating to Banking

Identifying circumstances under which a banker may disclose customer information.

A banker may disclose information of its customer’s account in the following circumstances EXCEPT where:
A. The banker is lawfully compelled to do so
B. The customer’s creditor demands it
C. It is in the banker’s interest to disclose it
D. The customer makes express or implied request for it
E. The banker is required to disclose by law

C. It is in the banker’s interest to disclose it

Explanation:
A banker is obligated to maintain confidentiality with respect to their customer’s account information and cannot disclose it to third parties such as creditors without legal compulsion or the customer’s consent.

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