> The Italian bank says A/I’s account showed no previous anti-money-laundering concerns—but fears U.S. secondary sanctions could endanger services for 130,000 customers and members.
> Banca Etica strongly condemns the use of counterterrorism tools to target political opponents. Evaluations are underway to prevent the closure of the bank account following A/I's inclusion on the US list of terrorist organizations.
This isn't the usual debanking as a political statement, but rather the bank trying not to be sanctioned by the US, a country already bleeding all its soft power and veering heavily into hard power and coercion.
The sanctioning of the ICC prosecutor already showed beyond any doubt the level of moral bankruptcy. The beatings will continue until morale improves.
> The sanctioning of the
An informative note: Banca Etica did protest against that.
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The ICC has tools for countering this kind of thing though.
They can order anyone who impedes them seized and handed over for judgement to the ICC, including bank CEOs and the like participating in retaliatory measures against them. They haven't done this, presumably for political reasons, but they can.