British Muslims say banks ruin lives with debanking policies

Muslim individuals and groups in the UK are facing frequent account closures and refusals for personal or business-related bank accounts, according to Bloomberg News. A heightened risk of terrorism and money laundering amongst Muslim applicants is cited by financial institutions as the main reasons for account closures.

Aug 16, 2023 - 14:30
British Muslims say banks ruin lives with debanking policies
Muslim individuals and groups in the UK are facing frequent account closures and refusals for personal or business-related bank accounts, according to Bloomberg News. A heightened risk of terrorism and money laundering amongst Muslim applicants is cited by financial institutions as the main reasons for account closures.