Farage's bank accounts closed

[vetran]

That would be an absolutely absurd risk for a bank to take. There is next to nothing to gain for them but huge risk that the suspect criminal might continue to criminal.

Alleged criminal. Despite the Banks setting themselves up as Judge, Jury & executioner I would argue they do not have the right to decide without judicial input.

The receipt of money before sanctions was legal whatever Guardianistas say. Otherwise most politicians would be in trouble. So if it is 2015/2016 I expect Mr Farage to enjoy suing them. They also advise other banks not to deal with you which sounds like defamation to me.

A bank did this to a friend of ours, froze her account because she was transferring post PAYE money to her brother (by blood) because he is not very good with money. They accused her of money laundering. They had no evidence, the sums were small (<£10), nowhere near the value of her salary and they were repaid from the same source. She was unable to pay her rent & bills the bank refused to reverse it until the ombudsman ordered them to do so. Of course no compensation was offered.

https://www.saunders.co.uk/services/...eezing-orders/

It is a bit Kafkaesque for a lady who works in a shop on near minimum wage.

Why is the bank not shut down? They are receiving money from RT who is now sanctioned, one assumes within 48 hours of them being put on a sanction any incoming money is either refused or transferred to a quarantine account and the recipient advised?

If they believe Farage is a criminal contact the authorities and monitor the account for provable offences.

[Fraidycat]

It is a bit Kafkaesque for a lady who works in a shop on near minimum wage.

Sounds like the bank has a target to hit, got to show they are being vigilant.

[NotAllThere]

Sounds like the bank has a target to hit,

Oh yes. That'll be it. For sure.

[David71]

Outside of 'politics' over the last few years, many small local target rifle clubs (think bunch of old guys in a tin hut range shooting .22rf rifles at 25 meters) have had accounts closed for no reason. Turns out anything with the term 'gun' or 'shooting' in the company or charity name gets flagged as being part of the 'arms trade' and many 'ethical' banks go into hissy fit mode and just close accounts with no warning.

A friend of mine who does work in the 'arms trade' (a one man licensed and legitimate company) ended up 're-using' his old IT consultancy company name when he found his 'gun business' was refused any bank account. While banks are businesses and are completely entitled to make whatever business decisions they want, the hierocracy is astounding - I bet Boeing, Rolls Royce, General Electric etc. don't get their accounts closed with no warning.

[SueEllen]

Outside of 'politics' over the last few years, many small local target rifle clubs (think bunch of old guys in a tin hut range shooting .22rf rifles at 25 meters) have had accounts closed for no reason. Turns out anything with the term 'gun' or 'shooting' in the company or charity name gets flagged as being part of the 'arms trade' and many 'ethical' banks go into hissy fit mode and just close accounts with no warning.

A friend of mine who does work in the 'arms trade' (a one man licensed and legitimate company) ended up 're-using' his old IT consultancy company name when he found his 'gun business' was refused any bank account. While banks are businesses and are completely entitled to make whatever business decisions they want, the hierocracy is astounding - I bet Boeing, Rolls Royce, General Electric etc. don't get their accounts closed with no warning.

Nope and not even after they paid bribes.

Remember that Serious Fraud Office investigation into bribes being paid to certain foreign countries that was stopped after political interference?

[vetran]

Sounds like the bank has a target to hit, got to show they are being vigilant.

I'm going with arrogance and incompetence!

[Lance]

Outside of 'politics' over the last few years, many small local target rifle clubs (think bunch of old guys in a tin hut range shooting .22rf rifles at 25 meters) have had accounts closed for no reason. Turns out anything with the term 'gun' or 'shooting' in the company or charity name gets flagged as being part of the 'arms trade' and many 'ethical' banks go into hissy fit mode and just close accounts with no warning.

A friend of mine who does work in the 'arms trade' (a one man licensed and legitimate company) ended up 're-using' his old IT consultancy company name when he found his 'gun business' was refused any bank account. While banks are businesses and are completely entitled to make whatever business decisions they want, the hierocracy is astounding - I bet Boeing, Rolls Royce, General Electric etc. don't get their accounts closed with no warning.

Boeing and GE are USA so not relevant.

Rolls-Royce is large enough. And is also classed as a strategic national asset (I can't remember the actual name of the classification).
But basically if you're too small for a bank to make a special case then you have a problem.

Farage can find a bank. This is just more of his grift/man of the people/they're all against me/etc.

[vetran]

yep ignorance & arrogance.

https://www.dailymail.co.uk/debate/a...k-account.html

seems there is a scheme about 'Politically exposed persons' Nigel Lawson's granddaughter was apparently considered one of those.

[jamesbrown]

Most likely, nothing to see here other than dodgy Russian connections/income. There’s a slim chance he was hard done by, but he will milk that opportunity, if it has arisen.

[JustKeepSwimming]

Most likely, nothing to see here other than dodgy Russian connections/income. There’s a slim chance he was hard done by, but he will milk that opportunity, if it has arisen.

The dude was literally non stop begging for votes for that crappy 'newsreader of the year' award from some random award company and all he did was gloat how it was an even bigger success that he won against the deep state who tried their best to rig the vote.

Claiming to be a real journalist when you start every broadcast with 'don't forget to vote for me to stick it to the lizard people'.