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Former Brexit Party leader Nigel Farage says bank accounts closed (ground.news)

submitted 1 year ago* (last edited 1 year ago) by YellowtoOrange@lemmy.world to c/unitedkingdom

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Nigel Farage, a prominent Brexiteer and broadcaster, claimed that his bank accounts have been closed without given reason, suggesting serious political persecution at the highest level.
Farage refused to name the prestigious banking group involved but stated that the closures were part of an establishment plot to force him out of the UK.
Other parties and politicians on the right of politics, such as the Reclaim Party and Reform UK, have also reportedly been denied bank accounts or had accounts closed, indicating a coordinated effort by financial institutions to target right-wing figures.

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[–] burningmatches 7 points 1 year ago (1 children)

It’s almost the opposite. Banks used to be more than happy to do business with all kinds of crooks. Government regulations restrict them from being so blasé these days.

[–] BeardedGingerWonder 4 points 1 year ago

Yep, banks are liable for all kinds of AML restrictions, MPs/politicians are high risk individuals by default. He's tripped sufficient KYC flags and they've shitcanned him. Simple as that.