Leading German bank shuts down anti-Israel BDS account

Benjamin Weinthal
16th June 2016 - Quoted by Vijeta Uniyal - Legal Insurrection

What should be first of its kind, a leading German bank has shut down an account connected to the anti-Israel boycott campaign — also know by the acronym of BDS. Commerzbank, Germany’s second largest bank, closed the account of anti-Israel and pro-BDS website “Der Semit”. The action is expected to have implications for other banks providing services to groups affiliated to the BDS campaign throughout Germany.

Israeli Minister for Public Security Gilad Erdan welcomed the decision taken by Commerzbank and urged other European banks to take similar steps against anti-Israel and anti-Semitic groups raising funds and carrying out transactions in Europe.

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The Jerusalem Post’s European correspondent and fellow for the Foundation for the Defense of Democracies Benjamin Weinthal writes:

In the latest of a series of similar account closures by international banks, German bank Commerzbank has shut down a boycott Israel account, the first action of its kind in that country, The Jerusalem Post has learned.

The account has been “dealt with” and the bank notified the account holder more than a month ago, a source told the Post.

The closure of the anti-Israel account because of Boycott, Divestment and Sanctions activity is believed to be the first instance of a German bank taking action to halt the movement. (…)

[Jerusalem] Post’s investigative series on BDS accounts in Europe has led to the closure of six accounts of pro-BDS organizations. The network of BDS accounts occasionally overlaps with the shadowy world of Palestinian and Iranian terrorism and unfettered movement in the EU.

Last week, the Austrian bank Bawag shut down the account of the Austria-Arab Culture Center, which had hosted convicted Palestinian terrorist Leila Khaled, who participated in the 1969 hijacking of a TWA jet. A year later, she hijacked EL AL flight 219. Khaled was in Europe as part of a speaking tour.

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Read the full article here. 

Tags

bds, germany, israel