The move is part of a growing effort by Israel to force closure of bank accounts of organizations supporting BDS.
“I call on Allied Irish Banks to join the many institutions, leaders and citizens who are uniting to reject the discriminatory and antisemitic boycott movement against Israel, including by disassociating itself from any BDS-linked accounts.”
— Gilad Erdan, Israeli Strategic Affairs Minister
The Israeli government is pushing for the closure of scores of accounts provided by the Dublin-based Allied Irish Banks that fund the promotion of anti-Israel boycotts.
AIB, one of the Big Four commercial banks in Ireland, hosts Ireland Palestine Solidarity Campaign accounts, an organization based in the Republic of Ireland and Northern Ireland that wages an aggressive BDS campaign targeting the Jewish state.
In January, the Israeli government included the Palestine Solidarity Campaign in a list of 20 BDS organizations whose representatives are not permitted to enter the Jewish state.
In 2016, the Bank of Ireland, also one of the Big Four commercial banks, closed the accounts belonging to the Ireland Palestine Solidarity Campaign. According to the NGO, the bank terminated its account because financial transfers to Palestinian territories are defined as high-risk.
There is a growing financial industry standard to dismantle BDS accounts. The US online payment service PayPal shut down two French BDS organization accounts in January and February. Last year, the Dallas, Texas-based Comerica bank terminated a BDS account.