On January 4, 2010, the Geneva-based Le Matin newspaper reported that the Swiss-based UBS bank had blocked money transfers to the Swiss accounts of ten pro-Palestinian organizations. The affected organizations include Urgence Palestine, Women in Black, and Educators without Borders. In response to the blocked transfers, the majority of the organizations switched banks.
Urgence Palestine’s website features endorsements for BDS (boycotts, divestment, and sanctions) campaigns, references to the “apartheid wall,” and support for a Swiss flotilla to Gaza. The organization also demands that Swiss authorities end all military cooperation and economic free trade agreements with Israel.
The bank said that the decision "is not linked to political motives but to an assessment of risks associated with such transactions." Unnamed sources quoted in Le Matin claimed that UBS’ decision was made due to fear of lawsuits and claims for damages.