piefed.eeAccess denied: why Muslims worldwide are being ‘debanked’
lumpenproletariatwww.theguardian.com/world/2026/jan/27/muslims-b…
Innocent people are being frozen out of basic banking services – and it all traces back to reforms rushed through after 9/11
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Honestly, a lot of these examples fall under “did you not read anything you signed?”
But yeah, it’s a pretty big problem that banks are just allowed to go “Nah, we don’t want to deal with you”. It’s a problem entirely caused by political choices though, and the UK population have repeatedly shown what they want to happen by their shitty voting actions.
TL:DR - because they perform more transactions that seem like they might down the line cause the banks to be liable for allowing financing of terrorism, and the risk isn’t worth it (for the banks).
*For banks to be able to block it preemptively, they needed to have an insight into something they couldn’t possibly know: their customers’ future plans.* Without that knowledge, they’d have no idea what they were looking for. Richard Gordon, a lawyer who worked for the International Monetary Fund at the time, says he tried to warn participants that they were acting too hastily. “To say that banks have to figure out on their own what’s terrorism finance, that’s lunacy, and I said that too. Didn’t matter, I was overruled,” he told me.