Soldato
You can’t tell him, you could be guilty of “tipping off” check out the penalties for that.
Farage has bank accounts closed
- Thread starter JonRGV250
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Soldato
From the FOS -
We’d only expect you to give a customer less than 30 days’ notice in exceptional circumstances. This might be where:
So unless they have been abusive, there is only one other option.
Notice periods for personal bank accounts
If you intend to close a personal bank account, you should usually give your customer reasonable notice so they can make alternative arrangements. We’d usually expect you to give them at least 30 days’ notice.We’d only expect you to give a customer less than 30 days’ notice in exceptional circumstances. This might be where:
- you suspect them of fraud
- they were threatening or abusive to your staff
So unless they have been abusive, there is only one other option.
Do try and actually read the thread so you are less likely to beclown yourself....
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Now the banks have joined the war on free speech
The Triggernometry podcast is just the latest victim of financial deplatforming.
www.spiked-online.com
Fraudsters, terrorists and money launders can be told that this is the reason for accounts being closed.
Again the issue is when it happens to someone who doesn't know why and the institutions stonewall them and often act in concert with one another
Soldato
@PapaLazaru I think that’s another 50/50 
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I'll take your word for it, I wasn't fully aware of toby Youngs case.
Which sounds reasonable, if it beyond all reasonable doubt, and doubly verified. Who decides? What scrutiny is it put under?
Can you not see how this could be weaponised? It's conspiracy theory stuff, but one that falls within the realms of believability and possibility.
Soldato
No they can’t, see “tipping off”
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Turns out he’s not actually being denied a U.K. personal bank account at all - it’s a business account he’s being denied.
“Later on Thursday night, on GB News, Mr Farage said the bank had called him up and offered him a personal account within the banking group division, but not a business account. He said he was considering whether “life was worth living” in the UK.”
Farage himself reckons he’s seen as a risk as he is a Politically Exposed Person (which he says is an EU concept that he wants changed.)
“I think the reason for it was, you know, where people in politics are open to bribery.”
“Could foreign governments from Ukraine or China or wherever else it may be, could they be pumping money into, you know, the accounts of corrupt politicians.
“So I kind of understand that and get that but it’s all about interpretation, isn’t it? And what the banks argue is that to maintain an account for a politically exposed person, gives them increased costs of compliance.”
(In passing interesting that he gives Ukraine as the example of a foreign country that might be bribing corrupt politicians in the U.K. rather than - say - Russia. Why ever could that be?)
inews.co.uk
“Later on Thursday night, on GB News, Mr Farage said the bank had called him up and offered him a personal account within the banking group division, but not a business account. He said he was considering whether “life was worth living” in the UK.”
Farage himself reckons he’s seen as a risk as he is a Politically Exposed Person (which he says is an EU concept that he wants changed.)
“I think the reason for it was, you know, where people in politics are open to bribery.”
“Could foreign governments from Ukraine or China or wherever else it may be, could they be pumping money into, you know, the accounts of corrupt politicians.
“So I kind of understand that and get that but it’s all about interpretation, isn’t it? And what the banks argue is that to maintain an account for a politically exposed person, gives them increased costs of compliance.”
(In passing interesting that he gives Ukraine as the example of a foreign country that might be bribing corrupt politicians in the U.K. rather than - say - Russia. Why ever could that be?)
What we know about Nigel Farage's claim he has been shut out of his bank accounts
In a six-minute video on Twitter, Mr Farage says he can no longer get a bank account. How true could his claims be?
Soldato
I’d love to help here but the annual training tells you how to do this. You have an MLRO and a Compliance officer you report it to. I know these people, they aren’t politically motivated monsters (unlike Farage).
Soldato
Soldato
Turns out he’s not actually being denied a U.K. personal bank account at all - it’s a business account he’s being denied.
“Later on Thursday night, on GB News, Mr Farage said the bank had called him up and offered him a personal account within the banking group division, but not a business account. He said he was considering whether “life was worth living” in the UK.”
Farage himself reckons he’s seen as a risk as he is a Politically Exposed Person (which he says is an EU concept that he wants changed.)
“I think the reason for it was, you know, where people in politics are open to bribery.”
“Could foreign governments from Ukraine or China or wherever else it may be, could they be pumping money into, you know, the accounts of corrupt politicians.
“So I kind of understand that and get that but it’s all about interpretation, isn’t it? And what the banks argue is that to maintain an account for a politically exposed person, gives them increased costs of compliance.”
(In passing interesting that he gives Ukraine as the example of a foreign country that might be bribing corrupt politicians in the U.K. rather than - say - Russia. Why ever could that be?)
What we know about Nigel Farage's claim he has been shut out of his bank accounts
In a six-minute video on Twitter, Mr Farage says he can no longer get a bank account. How true could his claims be?
inews.co.uk
Aha, a “politically exposed person”. Just like the training said. Plus I knew he was being a wuss about it.
The legal threshold is suspicion.
Off the cuff I don't think he is a politically exposed person.
Soldato
Oh come on…
Soldato
The law says tipping someone off, by telling them why you have refused a service is an offence
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