Banks to keep customers' information for 20 years
Friday, August 16, 2019
Addressing the bank’s customers in Francistown on Tuesday, Setlhare told FNBB customers of this change during a fraud symposium.
The legal and risk manager said that in the past years, banks were obliged to keep their customers’ information for only five years through both the electronic and manual banking platforms. “We kept our customers’ information for an extra five years when they had stopped banking with us, but with the new law we will keep it for 20 years,” she said.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...