Citi ruins its restrictions on dealing with arms dealers

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Citigroup has eliminated policy that prevents its dealings with companies that sell firearms in the last sign of how Corporaate America changes its approach to major political issues under Donald Trump’s pressure.

On Tuesday, the Wall Street Bank changed the rules of its behavior to mention that it “does not distinguish on the basis of political affiliation” and canceled a base that was placed in 2018 to restrict its relationship with firearms sellers.

City’s decision to remove firearm policy is a shift in a case that has been a long -standing rod in American politics and culture.

Trump said the government will review the weapons policies that were conducted during the administration of his predecessor Joe Biden, which may violate the constitutional rights of Americans in possessing weapons. He was also a strong critic of corporate policies that support social reasons.

New York -based CITI implemented the policy in 2018 after shooting Parkland School in Florida, which left 17 people died In one of the worst accidents of its kind in the history of the United States.

The group said at the time that the policy has been developed because “as a community, we all know that something needs to be changed. As a company, we feel that we must play our role.”

Mike Corbat, who was then CEO CEO, described the policy at the Group’s annual shareholders meeting, saying that it “aims to preserve the rights of arms owners responsible for me, while relying on best sales practices to keep firearms from wrong hands.”

Policy requires customers and bank partners not to sell firearms to people under the age of 21 or for those who have not passed the background examination. She also asks merchants not to sell stumbling shares or high -capacity magazines.

City also said that it will change its policies to “clearly stating that we do not distinguish on the basis of political affiliation in the same way that we make it clear that we do not distinguish on the basis of other features such as race and religion.” He added, “This will write down what we have practiced for a long time.”

This change comes after Trump claimed that some American banks refused to provide services based on political affiliation.

CITI “fears that were raised regarding” fair access to “banking services” and “organizational developments, recent executive orders and federal legislation” for its decision to change their policies.

She said that the rules related to firearms “were aimed at enhancing the adoption of best sales practices as a wise risk administration” but “did not address the manufacture of firearms.”

“Many retailers have followed these best practices, and we hope that societies and legislators will continue to search for ways to prevent the tragic consequences of armed violence,” City said.