"Banking experts say that as banks have faced increasing scrutiny from regulators in a post-recession world, they are eliminating as much risk as possible. Lacking clarity on what might trigger government fines, banks are being overly cautious, some experts say.That's another consequence of empire and the police state.
"It's not inconceivable to think an Islamic American or Arab American would be closed due to their perceived higher risk because of their connections to high-risk jurisdictions," said Brian Kindle of the Assn. of Certified Financial Crime Specialists. "There's something going on here, and I think it ties back to the de-risking trend.""
Monday, September 08, 2014
Federal Reserve
US banks close accounts of a dozen Muslims without explanation. They probably aren't allowed to provide an explanation.
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