banks should not be free to decide who they can do business with. If a baker cant decide they dont want to do business with a couple they disagree with, a bank should not be able to do so either.
It cut both ways.
Are you saying that banks should also NOT refuse to open accounts directly for terrorist organisations, drug lords, government of Iran, and North Korea?
How about their representatives? Or known associates? Or some front business that don't seems to do transactions like the business they claimed to be, but more like they are just a front for the drug lords?
How about just some normal foreign rich people (e.g. from the US, or China) who had no other business in that country (e.g. Switzerland) but wanting to put millions of dollars (in cash) into the account? BTW, through a company registered somewhere else (e.g. some country in South America)?
How about some no so rich foreign people doing the same for just a few hundred thousand dollars?
How about some random business (e.g. Mega) that the US government just told you not to (or else your bank's will feel their pressure... *hint* *hint*)?
Yes, it is a slippery slope. So, where do you draw the line?