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NEWS: Brexit leader Nigel Farage being de-risked by UK banks; claims he’s been rejected as customer by seven lenders

Premium June 29, 2023

DE-BANKED: Controversy around how UK financial institutions interact with PEPs erupted last year. This came after it emerged that Alison Rose, the chief executive of Coutts’s owner, NatWest, had discussed the matter of Nigel Farage’s bank account with a BBC journalist. Today the FCA issued its findings on how banks deal with PEPs.

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INSIGHT: Big US banks considering crypto pilot schemes

NEWS: Britain sees 12% spike in fraud cases as banks battle $1.6B epidemic

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NEWS: Luxembourg National Risk Assessment 2025 warns of ML threats in law and accounting

BRITISH Brexit agitator Nigel Farage claims the country’s banks have de-risked him, alleging it is because they pro-Remain. On Thursday, the former MEP who for decades campaigned for Britain to leave the EU said a top bank would not let him open an account. He said he was being made to feel like a “non…

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Premium

INSIGHT: Big US banks considering crypto pilot schemes

NEWS: Britain sees 12% spike in fraud cases as banks battle $1.6B epidemic

 Premium

NEWS: Luxembourg National Risk Assessment 2025 warns of ML threats in law and accounting

Regulatory Watch News

  • 7 entries amended under the Russia Sanctions Regime

    UK Government

    Today, Wednesday 28 May, the UK Government made 7 administrative amendments to the following individual and entities under the Russia Sanctions Regime. Individual:

    Name Unique ID OFSI Group ID
    Igor Borisovich BYSTROV RUS2626 16878
    Entities:
    Name Unique ID OFSI Group ID
    SHANGHAI NEW CHESS INT'L LOGISTICS CO., LTD. RUS2617 16869
    SHANGHAI NEW CHESS CO., LTD. RUS2618 16870
    MT-SYSTEMS LLC RUS2620 16872
    ATOMA LLC RUS2622 16874
    PIONEER TRADE LLC RUS2640 16886
    Limited Liability Company responsibility "Market Special Depository" RUS2686 16932

  • GRECO recommends Anti-Corruption Reforms for Liechtenstein’s Government, Police, and Head of State

    GRECO

    The Council of Europe’s Group of States against Corruption (GRECO), in a report published today, calls on Liechtenstein to take further steps to prevent corruption among persons with top executive functions (PTEFs), including members of government, the Government Secretary, Secretaries General and Senior Political Advisors, as well as members of the National Police. The report also covers the Reigning Prince, who contributes to executive decision-making under the Constitution.

  • Cyber: Statement by the High Representative on behalf of the European Union on malicious behaviour in cyberspace against Czechia

    European Council

    The European Union and its Member States, together with international partners, stand in solidarity with Czechia regarding the malicious cyber campaign that targeted its Ministry of Foreign Affairs. Czechia determined the cyber-attack has been perpetrated by the Advanced Persistent Threat 31 (APT31) that is associated with the Ministry of State Security of China. In recent years, malicious cyber activities linked to this country and targeting the EU and its Member States have increased. In 2021, we urged Chinese authorities to take action against malicious cyber activities undertaken from their territory. Since then, several Member States have attributed similar activities at their national level. We have repeatedly raised our concerns during bilateral engagements and we will continue to do so in the future.

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