In short:

An Australian bank has frozen the accounts of a prominent Neo-Nazi leader, while a US-based technology firm has blocked the group's attempts to solicit donations online.

The nation's corporate watchdog has also revoked the group's proposed company name, "White Australia".

Despite these actions, the Neo-Nazi organisation claims it has collected 1,495 of the 1,500 signatures required to register as a federal political party.

you are viewing a single comment's thread
view the rest of the comments

[–] Nath@aussie.zone 3 points 2 days ago (1 children)

Banks are mercenary. They have zero positions they "disagree with". They refuse to do business with companies and organisations for only one reason: It's unprofitable.

There are Millions of people who will alter their banking behaviour over things like "Bank X is the Nazi bank". I would. It's the same story with porn (not so much in Australia, but absolutely a thing in the USA). A reputation of being the "porno bank" would lead to millions of people changing their bank. And so, banks won't do business with porn providers. If the people didn't care, neither would the banks.

[–] ryannathans@aussie.zone 2 points 2 days ago* (last edited 2 days ago) (1 children)

Where are these massive groups of profit impacting people that "care" about MasterCard processing steam transactions?

[–] hitmyspot@aussie.zone 1 points 1 day ago (1 children)

We'll, they did it on response to protests from a right wing group. I presume they worried that they would be associated with illicit content. It may be that they took a global view rather than western view of what's acceptable.

I have no doubt that they wouldn't care what people buy if there was nonprofit to lose.

[–] ryannathans@aussie.zone 1 points 1 day ago (1 children)

Fringe groups protest everything, it doesn't reflect the population as a whole. They only used payment processors as a lever to achieve what they want

[–] hitmyspot@aussie.zone 1 points 1 day ago

I get that. I don't know that the losses add up as the group was unheard of, but they didn't pull the ban out of their ass. I think they did everything to try and hide where it came from.