Tag: GLS Bank
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Red Aid once again fends off debanking after US sanctions, and thus a “ban on associations by the back door”
The Göttingen savings bank was not allowed to terminate the account of the left-wing solidarity organisation Red Aid, a court has now confirmed in the main proceedings. The bank’s stated reasons, an increased compliance burden after US sanctions, were not…
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EU Blocking Regulation does not protect against US financial repression: Germany and Union powerless
US sanctions against an “Antifa Ost” group are not supposed to apply in Europe, says the German Ministry of Finance – yet they do. This has now also been criticised by two ICC judges at an EU JHA meeting. Despite…
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“Times are getting tougher”: Rote Hilfe Berlin on repression by Trump and two German banks
Sparkasse and GLS Bank are terminating all of Rote Hilfe’s accounts in Germany. The more than hundred-year-old left-wing solidarity organisation suspects pressure from the United States: It came after a supposed “Antifa Ost” has now also been placed on a…