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NEWS: Farage launches legal action against Coutts Bank which is now allowing him to keep account

Premium August 1, 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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NEWS: Dominique Thienpont replaces Olivier Salles as Head of the AMLA Task Force

NEWS: TGP Europe, sponsor of multiple Premier League clubs, exits UK after £3.3M AML fine

INSIGHT: Why the US will not pull out of FATF – by organization’s former chief

By Alisha Houlihan for AMLi

Nigel Farage has revealed Coutts has offered to allow him to keep his accounts, which amounts to a full reversal of course by the bank. 

But the politician is now also embarking on legal action demanding a full apology, compensation and a face-to-face meeting with the bank’s new management.

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Premium

NEWS: Dominique Thienpont replaces Olivier Salles as Head of the AMLA Task Force

NEWS: TGP Europe, sponsor of multiple Premier League clubs, exits UK after £3.3M AML fine

INSIGHT: Why the US will not pull out of FATF – by organization’s former chief

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