Banca Etica Suspends A/I's Account While Condemning the Sanctions Behind It
The Italian bank says A/I’s account showed no previous anti-money-laundering concerns—but fears U.S. secondary sanctions could endanger services for 130,000 customers and members. What follows is a English language translation of Banca Eti…
Summary
Banca Etica has suspended A/I’s account due to concerns over potential U.S. secondary sanctions, despite no prior issues related to anti-money laundering. The bank aims to protect its 130,000 customers and members from possible disruptions.
Comments (39 of ) ⌛