Bank of Ireland shuts down anti-Israel BDS accounts
Bank of Ireland, the country’s oldest financial institution, shut down the
accounts of the Ireland Palestine Solidarity Campaign (PSC). The termination of
the pro-BDS group’s accounts took place in Ireland and Northern Ireland in late
spokesman for the Bank of Ireland wrote The Jerusalem Post on Monday saying
that they “cannot comment in relation to customer accounts.”
PSC said the bank closed its accounts because it defined transfers to
Palestinian Territories as high-risk. The PSC said its transfers funds to a
factory in the West Bank. The plant produces Palestinian scarves that the PSC
buys to promote solidarity, wrote the RTÉ. PSC had held accounts at the Bank of
Ireland for 15 years.
Irish pro-Palestinian group opened a new account with the Allied Irish Banks
(AIB). A Post press query to the AIB was not immediately returned on Monday. The
PSC believes it is vulnerable to a new closure.