“Recently Banca Privada d’Andorra (BPA) received the financial kiss of death from FinCEN. FinCEN accused BPA of laundering money for individuals in Russia, China, and Venezuela—interestingly, all geopolitical rivals of the US.  Shortly after FinCEN made its accusation public, BPA’s global correspondent accounts—which allow it to conduct international transactions—were closed.  BPA was effectively banned from the international financial system.  This predictably led to an evaporation of confidence by BPA’s depositors. To prevent a run on the bank, the Andorran government took BPA under its administration and imposed a €2,500 per week withdrawal limit on depositors.”

http://www.internationalman.com/articles/a-powerful-weapon-of-financial-warfare-the-us-treasurys-kiss-of-death

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