Many large European banks have this year initiated broad internal checks that lead to the closure of accounts that may include financing terrorism and/or antisemitism.
The Bank für Sozialwirtschaft (Bank for Social Economy) has closed the account of a German group that promotes the Boycott, Divestment and Sanctions movement against the Jewish state.
The Cologne-based bank notified the anti-Israel NGO Jewish Voice for a Just Peace in the Middle East that its account will be shut down by the end of the year, according to an article that appeared on the anti-Zionist website Der Semit on Thursday. Continue Reading »