Posted on 01/04/2016 1:49:01 PM PST by wtd
Move against Islamic Relief is latest to affect Muslim groups in the UK but the bank denies motives are religious.
Banking giant HSBC has stopped offering financial services to the charity Islamic Relief, which becomes the latest Muslim organisation to have its ties with the company cut.
Islamic Relief UK was told by HSBC its activities in "high-risk jurisdictions" posed a challenge to the bank due to pressure from US authorities to deal with money laundering, according to a statement published on the charity's website on Monday.
(Excerpt) Read more at aljazeera.com ...
Good, and it’s not islamophobia.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.