| ▲ | epolanski 2 days ago |
| What does it entail, in practice? They are sanctioned, okay, and? What happens practically. |
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| ▲ | apopapo 2 days ago | parent | next [-] |
| They will become pariahs financially speaking. Nobody will be authorized to wire money to/from them. It's brutal. |
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| ▲ | mdp2021 a day ago | parent [-] | | > Nobody In the USA - the consequences should be only related to USA pertinent actors. The newspapers in Italy say, "there is no judgement against them in Italy". | | |
| ▲ | Nemo_bis 18 hours ago | parent | next [-] | | Italian banks immediately apply US sanctions because they are scared they'd be cut off SWIFT. Banca Etica, A/I's bank, previously refused to open a bank account to Francesca Albanese.
https://www.bancaetica.it/banca-etica-chiede-alle-istituzion... | |
| ▲ | cloudie78 a day ago | parent | prev | next [-] | | The same mechanism that was used to sanction Russia, Iran - will be used to sanction A/I Collective. | |
| ▲ | polski-g a day ago | parent | prev [-] | | If Italy doesn't shut down their services, the Italy itself will be shut out of SWIFT. | | |
| ▲ | 2legit2quit a day ago | parent | next [-] | | >...then* Italy itself will be shut out of SWIFT. SWIFT is headquartered in Belgium. Only 2 banks out of the total 24 on the board of directors is US banks. Unless there's a hostile takeover of the SWIFT organisation by the US, I think this is a bit of a stretch. (Plot-twist: Italy is on the board of directors.) | | |
| ▲ | polski-g a day ago | parent [-] | | SWIFT abides by international law and local laws. Including those against processing money transfer requests for terrorist organizations like A/I. | | |
| ▲ | marcosdumay 12 hours ago | parent | next [-] | | SWIFT refused to shunt out the Brazilian banks that kept providing services to the public figures involved on the Bolsonaro trial last year. | | |
| ▲ | polski-g 11 hours ago | parent [-] | | "Brazilian banks" were never classified as Foreign Terrorist Organizations. It is a specific designation and law that comes with 20 year prison sentences. | | |
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| ▲ | 2legit2quit a day ago | parent | prev [-] | | > SWIFT abides by international law and local laws. Including those against processing money transfer requests for terrorist organizations like A/I. A US sanction is neither a local (to all of SWIFT) or international law. The question still stands. |
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| ▲ | mdp2021 a day ago | parent | prev | next [-] | | > Italy itself will be Because of a decision from the USA administration? ?! | | |
| ▲ | inigyou 12 hours ago | parent [-] | | Yes. It's the same mechanism that was used against Russia and Iran. |
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| ▲ | epolanski 8 hours ago | parent | prev [-] | | I doubt this is how it works, besides, swift is an international organization, not a US one. US laws and sentences does not apply beyond US borders unless differently agreed. |
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| ▲ | etc-hosts a day ago | parent | prev | next [-] |
| US sanctions mean if you trade with the santioned org.. YOU get sanctioned (lose access to trade or financial systems controlled by US or US companies like Visa) |
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| ▲ | inigyou 12 hours ago | parent [-] | | Then I want to trade with so many orgs the whole world is sanctioned. Maybe the world will finally decouple from the US. |
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| ▲ | tencentshill a day ago | parent | prev | next [-] |
| If you donate to them from the US, you probably get put on a no-fly list at a minimum. Maybe even a friendly visit from the feds at your home! |
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| ▲ | inigyou 12 hours ago | parent [-] | | I can't wait to waste the feds' time investigating nothing. They've already done it to me a few times. |
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| ▲ | tokai 2 days ago | parent | prev | next [-] |
| Anything between having their google profiles deleted to abducted and tortured at a CIA blacksite. |
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| ▲ | john_strinlai 2 days ago | parent [-] | | in this case, it mostly means trouble getting money, as they are funded via donations |
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| ▲ | actionfromafar 2 days ago | parent | prev | next [-] |
| https://news.ycombinator.com/item?id=49479122 |
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| ▲ | criddell 2 days ago | parent | prev [-] |
| The consequences may include the loss of: • Bank accounts and payment processing.
• U.S.-linked donations and fundraising services.
• Hosting, cloud infrastructure and upstream network services.
• Domain registration and related technical services.
• Certificate, security and email-delivery accounts.
• Software and communications services.
• Relationships with non-U.S. providers frightened by American secondary sanctions.
• Access for people in the United States who currently use A/I’s services.
https://www.wewillfreeus.org/the-server-called-paranoia-defe... |
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| ▲ | mrtesthah 2 days ago | parent [-] | | My question now is whether European hosting providers sprouting up in the face of the US CLOUD act will step up to provide those services. | | |
| ▲ | inigyou a day ago | parent | next [-] | | No, because they don't want to be banned from banks. With few exceptions, the US has power over all global financial systems. Also tier 1 ISPs (even the European ones), which trickles down to all ISPs. | |
| ▲ | someguydave a day ago | parent | prev [-] | | Do you think many banks worldwide would enjoy declaring themselves the enemies of the US government in order to assist left-wing lunatics? | | |
| ▲ | iza a day ago | parent | next [-] | | You misplaced "lunatics" in your sentence, though sadly the likely answer remains the same. | |
| ▲ | a day ago | parent | prev [-] | | [deleted] |
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