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

UK

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.

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!