Public Security Minister Gilad Erdan is ratcheting up pressure on banks to close the accounts of groups that boycott Israel, including one organization that has links to an internationally recognized Palestinian terrorist organization.
“Facilitating the bank accounts of BDS organizations constitutes support for BDS. Banks maintaining such accounts should carefully consider the danger of running afoul of strict anti-BDS legislation in the US and other countries,” Erdan told The Jerusalem Post in an exclusive statement on Thursday.
Public Security Minister Gilad Erdan is ratcheting up pressure on banks to close the accounts of groups that boycott Israel, including one organization that has links to an internationally recognized Palestinian terrorist organization.
“Facilitating the bank accounts of BDS organizations constitutes support for BDS. Banks maintaining such accounts should carefully consider the danger of running afoul of strict anti-BDS legislation in the US and other countries,” Erdan told The Jerusalem Post in an exclusive statement on Thursday.
“Countries have already shut BDS accounts for legal reasons and we urge others to do the same,” he added.
The Post’s ongoing investigative series on financial institutions enabling boycott groups to target Israel revealed that BDS South Africa’s bank account is maintained at that country’s First National Bank.