Careful what you say, or you may end up without any banking facilities.

SporeRB What you have written verges on libellous.

Coutts have been trying, after the event, to suggest that they shut his account for those kinds of reasons. I never thought I would spring to NF's defence, but the Coutts document released to the public makes it clear that he was ditched for personal reasons only, everything since has been after the event.

I would also point out that the late Nigel Lawson's learnng disabled grand daughter was refused a bank account and an entirely legitimate registered charity set up with her and her mother (not a relation of Nigel Lawson, except by marriage) among the trustees were refused accounts because they were defined as PEPs. How would you rate the likelihood that they, or the charity were likely to be involved in money laundering, corruption or accepting bribes?

You also say IMHO, the UK politicians are very corrupt. How would you rate them compared with Russian Oligarchs, Mexican Drug cartels, Middle Eastern Royal families or The despots that rule a number of African countries? These people are money laundering, embezzling money and taking bribes amounting to -£billions_ every year.

There are politicians in all parties who are corrupt or corruptible but to make sweeping statements that infer that all politicians are corrupt is to seriously damage the reputations of the many in all parties who are not corrupt and never have been.

M0nica

*DiamondLily*, but it has taken Nigel Farage to really give this problem legs and get it into the public sphere.

I accept that sometimes banks are constrained because they believe the person is involved in money laundering, but the bank systems are not perfect and completely innocent people have been targetted. As for the Politally Exposed Person system, this is shockingly badly run. It is an international system and its purpose was to limit massive corruption in corruptly run, usually dictatorial governed states, Zimbabwe under Robert Mgabe and such like.

When it is being extended to include children and grand children of government ministers in democraticly run countries, where massive curruption is not a problem, then it need sto be curtailed.

Farage was only offered an account with Nat West AFTER he went public about Couttes rejecting him.

Yes, the money laundering thing has become a saga. I don't know where Farage gets money from, and he's not likely to say.

If I were a private business, then, frankly, I wouldn't want to deal with Farage or his ilk.

But, some perfectly innocent people, non political, have been caught up in the "money laundering/fraud" bank saga, and should be given the right to reply and challenge decisions.

I have an overseas bank account in the Far East. When I look at their regulations on money laundering, there is a reference to Politically Exposed Person (PEP).

It says PEPs (due to their influential positions), their family and associates are at higher risk of

a) Money laundering
b) Corruption charges
c) Accepting bribes

So, if the bank refused application from Jeremy Hunt or close the bank account belonging to Nigel Farage, it is because they are trying to safeguard the bank from dirty money and safeguard its reputation.

IMHO, the UK politicians are very corrupt. They always lining their own pockets. Some of the Tory MPs are guilty of receiving cash for favours from rich Russian donors.

The irony is they have the cheek to called themselves Right Honourable Mr / Mrs / Miss so and so.

"Having conflicting values with banks" that's a laugh given what some financial institutions have knowingly inflicted on the world and the constant bail outs for their own morally reprehensible behaviour, they've now set themselves up as some sort of moral arbiters.

Multi nationals, financial corporations all have to sign up to something called ESG, Environmental, Social and Governance, whereby BlackRock, a hedge fund no less, amongst others allocate money based on political agendas, such as a drive against climate change, promoting minority groups LGBT etc. So rather than earning the best returns for savers, they are now social engineers, parading their own vanity. It seems as far as outrage is concerned all roads lead back to Nigel Farage who may well be a ghastly man, although probably he is not the only ghastly person out there with a bank account? Clearly he is the wrong type of ghastly though as opposed to say Hunter Biden who is probably the right type of ghastly and who I imagine has a bank account or two without too many threats as to them being withdrawn. American I know but that is where much of these new crusades emanate from.

DiamondLily, but it has taken Nigel Farage to really give this problem legs and get it into the public sphere.

I accept that sometimes banks are constrained because they believe the person is involved in money laundering, but the bank systems are not perfect and completely innocent people have been targetted. As for the Politally Exposed Person system, this is shockingly badly run. It is an international system and its purpose was to limit massive corruption in corruptly run, usually dictatorial governed states, Zimbabwe under Robert Mgabe and such like.

When it is being extended to include children and grand children of government ministers in democraticly run countries, where massive curruption is not a problem, then it need sto be curtailed.

Farage was only offered an account with Nat West AFTER he went public about Couttes rejecting him.

Yes,but only a personal account,not a business one.

There are also "normal/non political" customers getting their accounts closed, with all the banks, without notice, and without explanation.

news.sky.com/story/banks-may-be-wrongly-closing-accounts-or-silently-marking-them-for-fraud-consumer-group-warns-12921295

Coutts used to be a bank where you can only bank by their invitation.

Usually based on wealth, status etc.

If they don't want him, then, as a private business, they are perfectly entitled to remove him. But, I would have thought a bank's priority should be how accounts are conducted.

I'm not sure politics/beliefs should come into it at all.

They did offer him alternative banking with NatWest.

Farage now talking about this on PM on R4

The point is, Coutts accepted him as a customer when he was well-known, if not necessarily 'a heinous, unscrupulous person' and dealt with him for several years, taking his business and his money, then for reasons known only to themselves, literally, they closed his account and refused to tell him why.
Also, some members of his family, apparently.
Very dangerous.

NF was offered a private account but not a business account from any Bank.

fancythat

MerylStreep

I’m afraid your flogging a dead horse here, MOnica
There’s some who can sort the wheat from the chaff, and there’s some who because of their personal grievances their judgment is clouded.

Some names I would have expected to be on this thread have not appeared[not that I would know for sure].
Perhaps they are on holiday? Or they may be having a bit of a rethink of some things. I dont know.
Or have not seen this thread yet.

Plus, it is the masses that matter.
I think this whole subject will make some people have a bit of a rethink

On social media sites in general, apparently for every one person who responds, there are 9 people who read and dont respond.

MerylStreep

DillytheGardener

Nigel Farage is a ghastly man and banks aren’t obliged to serve customers with conflicting values. He can put his money elsewhere with a bank that doesn’t mind his particular brand of vitriol and hate.

It’s good to know, then that Coutts have the same values as Prince Andrew, wouldn’t you agree 🤔

Good point!
Also what Monica says.👏🏻👏🏻

MerylStreep

I’m afraid your flogging a dead horse here, MOnica
There’s some who can sort the wheat from the chaff, and there’s some who because of their personal grievances their judgment is clouded.

Some names I would have expected to be on this thread have not appeared[not that I would know for sure].
Perhaps they are on holiday? Or they may be having a bit of a rethink of some things. I dont know.
Or have not seen this thread yet.

Thanks Fancy That! The DM isn't my usual go to media site for direct access to original sources. Farage uses the term "exclusively" which suggests he's prevented it being available on other outlets. So obviously some kind of deal (the terms of which won't be published!) between NF & the DM reached there.

I’m afraid your flogging a dead horse here, MOnica
There’s some who can sort the wheat from the chaff, and there’s some who because of their personal grievances their judgment is clouded.

I wouldn’t trust any bank these days. Profits are what they are all about. Some are slightly better than others but none of them care about their customers as individuals. I can’t see what business it is of a bank what a person’s politics might be.

fancythat

www.dailymail.co.uk/news/article-12314423/The-Coutts-Farage-dossier-bank-admitted-ex-Ukip-leader-DID-meet-commercial-criteria-used-tweet-Ricky-Gervais-trans-joke-Novak-Djokovic-ties-decide-odds-position-inclusive-organisation.html

Here

fancythat

^So why doesn't Farage just put the full document into the public domain, rather than selectively fillet and thus distort it for his own advantage?^

He has, has he not?
The black out bits are bits that Farage is no allowed to see I presume.

I wasn't aware of that. So can you put a link to where has Farage published the entire internal dossier that is available to be accessed by ordinary members of the public?

I don't believe in censorship of any kind but if I owned a business and one of my clients was a heinous, unscrupulous person I might also refuse to serve them. Is this not also a 'right'?

It's the fact that he is a known figure that people know.

Aren’t bank accounts private? If we don’t know who banks with who how could NF or anyone else come to that affect Coutt’s reputation by having an account with them?

Swiss banks hold deposits for some of the worst despots and crooks, Coutts along with many other UK banks would have been involved to some extent in the past, unlikely now, regulations are tighter.
EU regulations are even tighter than ours, which was one of the reasons that The City wanted Brexit.

When I was involved in something, half of what came back was blacked out. I dont know what the rules are on that.

But there was enough left that it was enough to make the case for someone. Thankfully.

Whitewavemark2

Blossoming

Lovetopaint037 Coutts has been involved in money laundering scandals and tax evasion, mainly through its Swiss arm.

Name me a bank in Switzerland who hasn’t.

“They’re all doing it” doesn’t make it alright.

So why doesn't Farage just put the full document into the public domain, rather than selectively fillet and thus distort it for his own advantage?

He has, has he not?
The black out bits are bits that Farage is no allowed to see I presume.