Financial Services Financial Services

Comment: Farage banking shut-out shows UK lenders caught between a rock and a hard place

By Martin Coyle
  • 30 Jun 2023 15:40
  • 30 Jun 2023 15:40
A UK bank’s decision to close accounts linked to pro-Brexit politician Nigel Farage comes at a time when the country's banking sector is caught between a threat of big fines and a push to make it easier for politically exposed persons to access banking services. 
Under national law, banks are

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Martin Coyle

Senior Correspondent


Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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