How can Goverment own mint banned by banks?

[troubled soul]

I come across the news that
"Two of the world's biggest banks blacklist Perth Mint"
afr.com/companies/financial-services/as-gold-surges-perth-mint-stumbles-into-tax-havens-20200730-p55gxq

When i try to research
I found that "The Perth Mint is Australia's official bullion mint and wholly owned by the Government of Western Australia." (en.wikipedia.org/wiki/Perth_Mint)

How this possible ?
Government owned mint doing wrong things?
Funny World?

 

[EliasIT]

You want to have a read here

Euro Pacifc Bank & Perth Mint - Money Laundering, Tax Haven & Blacklisted?

https://www.afr.com/companies/financial-services/as-gold-surges-perth-mint-stumbles-into-tax-havens-20200730-p55gxq ----- start quote The Perth Mint signed the Bank of Cyprus up as a customer earlier this year despite the US State Department declaring the island a "major money...

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