And BDS is considered an antisemitic organization by several agencies. I don’t agree with that assessment, but that’s exactly what KYC is for. Banks don’t want to be involved with such organizations and it’s not necessarily their job or authority to draw the line. These banks are either AöR or cooperatives, they have an internal ruleset, set by the owners/members. And that ruleset probably has a paragraph about extremism and antisemitism. If the bank now lets this client openly operate with entities that are considered extremist, they are not compliant. Simple as that.
Again, I’m not a fan of the BDS categorization, but acting like the banks are somehow targeting that client specifically is plain wrong.