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Operation Choke Point was an initiative of the United States Department of Justice beginning in 2013 [1] which investigated banks in the United States and the business they did with firearm dealers, payday lenders, and other companies that, while operating legally, were said to be at a high risk for fraud and money laundering.
Critically, Operation Choke Point did not rely for its authority on legislation or official guidance, and never faced a meaningful challenge in court. The campaign largely ended following the leak ...
De-banking, more commonly spelled debanking, 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.
Critics say it has exceeded its original brief, including by working with the Justice Department’s Operation Choke Point from 2013 to 2017, which sought to investigate and penalize gun dealers ...
They choke off your financial services,” he told the Bitcoin 2024 Conference in Nashville, ... Some crypto investors call the latest wave of debanking examples “Operation Choke Point 2.0. ...
Pages for logged out editors learn more. Contributions; Talk; Chokepoint
Choke point – A use of strategic geography, usually in a narrow area, intended to concentrate the enemy into a confined area where the defender can maximize his forces Defence in depth – A strategy to delay rather than prevent the advance of the attackers by buying time and causing additional casualties by yielding space so that the ...
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