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Midweek Roundup: HSBC Seeks to Close Mosque’s Account, EU High Court to Consider Tax Status of Virtual Currency, and More
printU.K. Muslim charities linked to Gaza and the Finsbury Park Mosque in London were notified their accounts would be shutdown by HSBC, BBC News reported Wednesday. Servicing the accounts fell outside HSBC's "risk appetite," the bank said in letters to the accountholders. Finsbury Park Mosque has been linked to high-profile terrorists in the United Kingdom and United States. Last year, the bank reportedly sought to close the accounts of over 40 embassies, consulates and high commissions, a move linked to its "assessments of businesses" that followed payment of a $1.9 billion fine in 2012 to settle U.S. money laundering charges...
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