Anti-Financial Crime & Financial Crime Compliance
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Banking, Financial Crime, UK

INSIGHT: UK banks are closing more than 1,000 accounts every day

Premium August 8, 2023

NEW LEVY TO FUND ECONOMIC CRIME BATTLE: Details of a levy on a host of UK financial institutions was announced today to fund Britain's economic crime efforts. File photo shows London's Canary Wharf district, home to many financial institutions

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NEWS: France, Ireland and Latvia called out by EU for AML failures

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NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

By Alisha Houlihan for AMLi

A new report shows that UK banks close over 1,000 accounts every day. This has fuelled a growing row over so-called “debanking” and prompted Nigel Farage to call for a royal commission.

Data revealed a jump in the number of customers dumped by their banks after the former Ukip leader announced he would launch a website on their behalf.

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Premium

NEWS: France, Ireland and Latvia called out by EU for AML failures

 Premium

NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

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