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+--- Thread: Trump cracks down on debanking discrimination? (financial institution style) (/thread-18514.html)
Trump cracks down on debanking discrimination? (financial institution style) - C C - Aug 6, 2025
De-banking: De-banking, more commonly spelled debanking, also known within the banking industry as de-risking, is the closure of people's or organizations' bank accounts by banks that perceive the account holders to pose a financial, legal, regulatory, or reputational risk to the bank.
Examples of this include the enforcement of anti-corruption and anti-money laundering laws, the closing of bank accounts of sex workers, and people considered to be politically exposed persons.
The closure of accounts is generally performed without giving a reason and without the prospect of appeal. De-banking can have severe consequences for individuals, as it cuts them off from many activities in society.
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https://youtu.be/NO2WY1cE09I