Debanking:
Debanking (sometimes spelled de-banking, and also known within the banking industry as de-risking) is the closure of people’s or organizations’ bank accounts by banks that perceive the account holders to pose a financial, legal, regulatory, or reputational risk to the bank.
Examples of this include the enforcement of anti-corruption and anti–money laundering laws, the closing of bank accounts of sex workers,[1] and people considered to be politically exposed persons.
The closure of accounts is generally performed without giving a reason and without the prospect of appeal. De-banking can have severe consequences for individuals, as it cuts them off from many activities in society. [Wikipedia]
Noted in “Florida AG launches probe into JPMorgan over Trump Media ‘debanking’ claim,” Ja’han Jones, MS NOW:
Florida’s Republican attorney general is launching an investigation into JPMorgan in an effort to boost President Donald Trump’s allegations that he and his family were victims of a “debanking” scheme following his efforts to fuel the Jan. 6 insurrection.
Florida Attorney General James Uthmeier, whose reelection bid has been endorsed by Trump, announced Monday that he has opened an investigation into the Trump family allegations. “While coordinating with Jack Smith in the Biden DOJ’s Operation Arctic Frost, JP Morgan de-banked the Florida-based Trump Media Group, harming the company just before it went public,” Uthmeier said.
This should prove interesting.
