Shutdown reasons may include terrorism and 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.
The Jerusalem Post, as part of its reporting earlier this year on European banks that maintain BDS and terrorism-related accounts, found that the Bank for Social Economy account was listed on the NGO’s website, in an effort to attract donations.
After receiving a Post query in September alleging Hamas links to the Jewish Voice group, as well as that it was spreading contemporary antisemitism and engaging in BDS activities, the bank opened an investigation, spokeswoman Stephanie Rüth said.read more