"Debanking is when you, as either a person or your company, are literally kicked out of the banking system," he explained. "Under current banking regulations, after all the reforms of the last 20 years, there's now a category called a 'politically exposed person,' PEP. And if you are a PEP, [banks] are required by financial regulators to kick them off, to kick them out of your bank. You're not allowed to have them."
