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Citigroup announced Thursday it’s implementing restrictions on client firearm sales, making it the first major bank to impose such gun control measures.

In an email to employees provided to Infowars, Citigroup Chief Executive Officer Mike Corbat detailed new policies applying to “small business, commercial and institutional clients, as well as credit card partners.”

The policy is ostensibly “designed to respect the rights of responsible gun owners while helping keep firearms out of the wrong hands,” Corbat claimed.

Citi’s new “US Commercial Firearms Policy” requires firearms only be sold to people age 21 or older, that gun purchasers pass a background check, and restricts sales of bump stocks or “high-capacity magazines.”

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