ALLEGED UNCONSCIONABLE CONDUCT IN THE TRADE OF GOODS AND SERVICES BY STANDARD BANK MALAWI LIMITED

The Commission ordered Standard Bank Malawi Limited to pay a fine of MK500,000.00 for engaging in unconscionable conduct in the trade of goods and services. This followed an investigation which the Commission conducted which showed that the Bank opened interest earning Contract Save Accounts for a number of customers.6 However, upon maturity of the contracts, … Continue reading ALLEGED UNCONSCIONABLE CONDUCT IN THE TRADE OF GOODS AND SERVICES BY STANDARD BANK MALAWI LIMITED