According to Lloyd’s List a string of major shipping banks, including Barclays and RBS, are refusing to facilitate the payment of ransoms for reputational reasons. Until now the pressure to stop the payment of ransoms has come from governments, with the US being particularly vocal, however it has long been the banks that play a pivotal role within the ransom process. Not least as it is difficult to gather the cash necessary without the support of your bank.
It seems that the banks
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