Posted on 10/14/2022 8:21:27 PM PDT by TigerClaws
JPMorgan Chase & Co reportedly canceled the account of a religious nonprofit organization for unexplained reasons, and said it would only reconsider the decision if the group provided its donor list, and a list of political candidates it intended to support.
The National Committee for Religious Freedom (NCRF) launched on January 18, 2022 “to defend religious freedom for all Americans and all their religious communities by supporting political candidates at the local, state, and national levels—regardless of party affiliation—who support the free exercise of religion,” according to its website.
“Religious freedom is a cornerstone of America’s constitutional democracy and was at the heart of America’s founding,” said CCRF founder Sam Brownback in January. “We are creating the National Committee for Religious Freedom to uphold this fundamental right, so revered by our Founders, by providing a critically needed political response to the ongoing attacks, in law and culture, on America’s First Freedom. ”
In a post at Restoring America, Brownback, a former Republican U.S. senator and governor from Kansas, said that CCRF is “diverse” and “bipartisan,” and represents “people from every faith and walk of life. Its Advisory Board, he noted, “includes members who are Christian, Hindu, Jewish, Latter-Day Saints, and Muslim.”
Brownback served as the United State’s Ambassador-at-Large for International Religious Freedom under former president Trump from February 1, 2018 to January 20, 2021.
After establishing the NCRF as a 501(c)(4), Brownback said he and his executive director chose to open a nonprofit business checking account at JPMorgan Chase & Co “because of its national footprint and the multigenerational banking relationships our team had with the bank.”
He described his initial experience with the bank as “very positive,” but three weeks after opening the account, they received a letter notifying them that Chase had decided to “end their relationship” with the NCRF and that the account would be closed.
Brownback said the bank actually closed the account before they received the letter.
We were surprised at being canceled by Chase. When our executive director called to see if this was an error, he was informed that “a note in the file read that Chase employees were not permitted to provide any further clarifying information to the customer.”
Why the cancellation ? Why the secrecy and lack of transparency? Why was Chase hiding its reasons and intentions for closing the account of a client that seeks to serve the public good and defend religious freedom for every person in America? After all, in the words of the bank’s CEO, religious freedom is a core value that forms part of the fabric that binds us together as a country. So why cancel an organization that exists to protect the most foundational of core American values?
Brownback said his organization was able to open a new account at a different bank, but not before Chase’s action “triggered a chain reaction that led to other financial service accounts being closed and caused the fledgling organization to experience unexpected operational and financial challenges.”
He said he heard from multiple Chase employees that the decision came from the “corporate office.”
The decision to cancel the NCRF was described by multiple Chase employees as one from the “corporate office.”
It was initially explained to us by someone at the Chase corporate office that the decision was final and nonrevocable.
To this day, the NCRF does not have a clear reason as to why our account was closed after only three weeks. We certainly hadn’t made any transactions in that short amount of time that would have triggered any regulatory red flags.
Brownback said that he was “shocked and surprised” to learn that “someone from Chase eventually reached out to our executive director and informed him that it would be willing to reconsider doing business with the NCRF if we would provide our donor list, a list of political candidates we intended to support, and a full explanation of the criteria by which we would endorse and support those candidates.”
He argued that the demands for “this type of information” was “entirely inappropriate,” and unfortunately, not the first time a religious organization “has found itself facing sudden and unexplained account closures.”
“Does Chase ask every customer what politicians they support and why before deciding whether or not to accept them as a customer?,” he asked.
Religious institutions, houses of worship, and people of all faiths should be greatly concerned that their business, credit, or even personal or private bank accounts could likewise be terminated for any or no reason at all.
Since finding ourselves chased away, we have begun to investigate if other organizations, public or private, have received similar cancellation letters from their financial service providers. The National Committee for Religious Freedom has launched a #ChasedAway campaign to invite comments and testimonies from others who may have found themselves canceled by financial institutions.
In response to a tweet about this story, Senator Josh Hawley (R-Mo.), who sits on the powerful Senate Judiciary, Armed Services, and Homeland Security committees, said simply, “what?”
Hawley’s office did not immediately respond to American Greatness’ request for further comment.
From what I’ve read it seems JP Morgan Chase and Bank of America have recently canceled some business accounts with little or no warning or explanation. I’m not aware that they’ve canceled any personal accounts.
But if I recall correctly, Justin Trudeau asked TD and maybe other banks to freeze personal accounts of some of the truckers, and they did.
This will not stop on its own.
I intend to open accounts at a small bank or two, and eventually close my accounts with the large banks.
Sounds like this may be AML related….
Or it could be abusing AML to reject…
YOU VILL THINKZ ZEE PROPER THOUGHTS!!!!
I hate JPMorgan Chase & Co Nazis.
As a nation we are sliding fast . . . the bottom is in sight and unless God intervenes, the landing will not be good.
We have a winner.
Under '352 of the USA PATRIOT Act, all Financial Institutions must develop and implement anti-money laundering programs. These programs must, at a minimum, include the following: (1) the development of internal policies, procedures and controls; (2) the designation of a compliance officer; (3) an ongoing training function; and (4) an independent audit function to test the programs....Financial Institutions should design their anti-money laundering programs to implement procedures and policies that can reasonably be expected to detect and report activity that may be associated with money laundering. It is important to have money-laundering detection procedures in order to avoid possible criminal liability, which can occur if a investment company is "willfully blind" to money laundering that is occurring within its accounts.11 In addition, an anti-money laundering program will help avoid the damage to a Financial Institution's reputation that would occur if the investment company was found to be laundering money-especially money of terrorists.
For what it's worth, former Sen Brownback voted for passage of the Patriot Act.
In the following article J.P. Morgan Chase is named as one of the five banks.
5 Major Banks Exposed for Moving Trillions for Mobsters, Onecoin, and Drug Cartels
I bet JP Morgan Chase has ties with somebody high up in Planned Parenthood.
Yes financial institutions must engage in KYC ( Know Your Customer). Which includes understanding their sources of income and how they typically spend it. Looks to me as simply you are a new customer you are a non profit, and we know nothing about you so we need to know more about where your cash is coming from so we don’t get fined if you are a money laundering operation, which sadly does happen a lot more than you would care to know.
To me this looks like the AML/KYC kicked on, the non profit balked at providing requested info, and the. And the bank said we can’t verify to our satisfaction we are closing the account.
Could it be nefarious anti conservative bias? Possibly… but my guess is more than likely it was simply couldn’t get the KYC/AML information threy needed to comfortably service them so they closed the account.
Of course there may be a political dimension to all this, but the fact that Brownback NEVER mentions KYC or AML in the articles is telling. Maybe he knows he is culpable for this situation since he voted yea for The Patriot Act.
These banks doing this should all be cut off from the FED. What great executive order that would be.
Remember when conspiracies sounded far fetched?
Globalists, secret power groups deciding on our futures over a big conference table somewhere?
Unacceptable!
Yet The Bastard of Wall Street does business with China.
Only a matter of time until they do this purposefully at tax time.
Complete debanking, removing the ability to pay outside of cash. Where do you get the cash if you can’t access banks?
When you fail to pay taxes they hit you with fines, which you still cannot pay.
And then they seize your property and throw you in jail.
I do believe that is an illegal request. Isn't it why we have secret ballots? No one or no boss, or no entity has a right to demand as a condition of employment or business who a party votes for. While the law proscribes what happens at the ballot box, said such challenges or demands for "lists" is inherently pervasive and/or invasive to voter and donor rights.
History repeating itself and those who do not know history are doomed to repeat it. This needs to be challenged immediately in court and must be supported as a whole by the voting public.
They are challenging voters and donors before they even get to the ballot box. This is nothing short of history repeating itself is patently illegal.
§ 452.97 Secret ballot.
(a) A prime requisite of elections regulated by title IV is that they be held by secret ballot among the members or in appropriate cases by representatives who themselves have been elected by secret ballot among the members. A secret ballot under the Act is “the expression by ballot, voting machine, or otherwise, but in no event by proxy, of a choice * * * cast in such a manner that the person expressing such choice cannot be identified with the choice expressed.” 47 Secrecy may be assured by the use of voting machines, or, if paper ballots are used, by providing voting booths, partitions, or other physical arrangements permitting privacy for the voter while he is marking his ballot. The ballot must not contain any markings which upon examination would enable one to identify it with the voter. Balloting by mail presents special problems in assuring secrecy. Although no particular method of assuring such secrecy is prescribed, secrecy may be assured by the use of a double envelope system for return of the voted ballots with the necessary voter identification appearing only on the outer envelope.
47 Act, sec. 3(k).
(b) Should any voters be challenged as they are casting their ballots, there should be some means of setting aside the challenged ballots until a decision regarding their validity is reached without compromising the secrecy requirement. For example, each such ballot might be placed in an envelope with the voter’s name on the outside. Of course, it would be a violation of the secrecy requirement to open these envelopes and count the ballots one at a time in such a way that each vote could be identified with a voter.
(c) In a mail ballot election, a union may require members to sign the return envelope if the signatures may be used in determining eligibility. However, it would be unreasonable for a union to void an otherwise valid ballot merely because a member printed rather than signed his name if the union does not use the signatures to determine voter eligibility.
There will not be any cash in a few months. The Fed coin will be in force by this time next year.
If you are not a ‘good citizen’ you will be classified as a useless eater and sent for re-education or indoctrination. Ultimately extermination.
While I do very much watch the economic cycle and pray this is just cycle and not the crash to redefine the monetary system, there’s appears to be a good chance it is just that. It explains the 87000 armed IRS enforcers. Many are resorting to constitutional silver and hoarding it has already started. It will be and most likely will be the only way to transact between persons without government interference.
This article is just one example of the control ‘they’ are going to inflict on us.
Sorry wrong section.
But this is still voter suppression on a very sophisticated scale
https://www.usa.gov/voting-laws#item-36047
I cancelled them in the 90’s with a scene in that bank lobby that almost got me arrested. mind you I’ve been a customer for over 5 years...
In a nut shell:
Oct 1st: deposit check from work..
Oct 7th: wife writes all checks for home uti/mort/groc
Oct 30th: account statement via mail shows $35 insufficient funds fee X amount of checks written...
$35 returned check fee X the amount of checks written
Oct 10th: deposit check cleared -Fees
So I would end up with about 25% of my check and have to re-pay all bills that were bounced...
Society almost read about me in the papers over this.
I HATE THAT BANK!!!
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