Source: UK Column —
“In 2022, Talk Liberation’s Icelandic banking partner Islandsbanki, or “BadBanki” as they playfully call it, froze Panquake’s seed funding without any notice, invoking money laundering and anti-terrorism legislation as its initial reason. The bank ignored Talk Liberation’s solid financial standing and dismissed their proactive and thorough compliance efforts, including numerous emails notifying the bank about the funds, requests for the appointment of a business banking manager, and attempts to engage in dialogue. Instead of working with Talk Liberation, Islandsbanki terminated its banking services, closing the organisation’s accounts and withholding funding for nine months.”
