New here? Post 10 threads to unlock access to threads, or upgrade now to access Crax all content instantly!
Join CraxPro and earn real money through our Credit Rewards System. Participate and redeem credits for Bitcoin/USDT. Start earning today!
Read the detailed thread here

debank

Recent contents View information Top users

Description: De-banking, 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.

View More On Wikipedia.org