Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

Financial Crime, Financial Services, UK

No evidence banks are closing accounts due to political beliefs, says UK watchdog

By Huw Jones

There is no evidence so far that Britain’s banks have been closing accounts because of people’s political views, though more detailed scrutiny is needed, the Financial Conduct Authority said on Tuesday.

British finance minister Jeremy Hunt last month asked the FCA to urgently investigate terminations of bank accounts and suggested that lenders who have broken the law should be fined.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!