Anti-Financial Crime & Financial Crime Compliance
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UK banks should not close accounts over customers’ politics, minister says

By Huw Jones and David Milliken

British banks should have to serve a customer even if they disagree with his or her lawful political views, and should apply anti-money laundering checks proportionately, financial services minister Andrew Griffith said on Tuesday.

Earlier on Tuesday Nigel Farage, the former Brexit Party leader, said British private bank Coutts had told him it was closing his accounts and had offered him a standard one with its parent group NatWest instead.

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