[Andy McDandy]

Neil might be being a bit playful there. The bank in question is Coutts.

He saw the name, thought "ah, just the bank for me!", and opened an account. Then he found out how it was pronounced and said "Damn this dyslexia!".

[MisterMuncher]

There's no fucking way on god's green earth someone else is tinkering with Nigel's finances. If he had the documents to prove it, he'd be parading them right now.

[Malcolm Armsteen]

Remember when his Volvo was 'sabotaged'?

Fucking snowflake...

[Yug]

I wonder if, just possibly, this seeming financial persecution might be followed by a well-publicised conversion to the delights of crypto?

I'd much rather it was followed by a well publicised trial for fraud and money-laundering.

[mattomac]

Like most grifters he will have a fund raiser set up soon.

[Youngian]

If true, Farage will know the reason for the account suspension and is getting his Trumpian conspiracy story in first. Hadn’t thought of D

[Abernathy]

Some useful further info on Fargle’s embarrassment, from Open Britain :

Nigel Farage is all over Twitter today, claiming that he may be forced to leave the UK because his bank of 30+ years has decided it doesn't want his business anymore, and no other bank will take him on.

He says it's pure persecution...the Remainer Elite taking revenge for his role in delivering Brexit. But there's a bit more to it than that. Needless to say, Farage is being more than a little economical with the actualité.

He DOES admit to being a Politically Exposed Person (PEP), as defined by the Financial Action Task Force, an international body set up in 1989 to set international standards for countering money laundering and terrorist financing.

He should not be surprised, then, that as a result, his bank is obliged by UK law - the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 - to carry out robust due diligence on him and his banking activities.

From what Farage has said, it appears that the bank has done this due diligence and concluded that, for some reason or other, he represents a level of risk they cannot tolerate.

So, why might that be?

Well, the main reasons a bank might close a PEP’s accounts are:

Suspicion of Money Laundering or Other Illegal Activity: This is the most common reason for closing a PEP's account. This can result from unusual transactions, particularly those involving large sums of money or transactions that do not match the account holder's typical behaviour.

Failure to Comply with KYC/AML Regulations: All banks are required by the Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to carry out strict checks on their customers. If a PEP fails to provide the necessary documentation or information, or if the information provided raises concerns, the bank may choose to close the account.

Reputational Risk: By their very definition, PEPs are under public scrutiny, and any scandal associated with them can potentially harm the reputation of the bank. If a PEP becomes involved in a public scandal, especially one involving financial wrongdoing, a bank may decide to close an account to protect its own reputation. (Perish the thought that Farage would ever be involved in a public scandal!)

Regulatory Pressure: Sometimes, banks face pressure from regulators to sever ties with certain PEPs, particularly in scenarios involving international sanctions, corruption charges, or other high-profile legal issues. Bad as he is, Farage probably doesn’t quite fall into this category. Yet.

Business Risk: Banks also need to consider the business risk of maintaining the account. If the costs and risks associated with maintaining and monitoring the account outweigh the potential benefits (e.g., due to high compliance costs or the risk of fines for non-compliance), the bank may decide to close the account.
Given the limited amount of actual information in Farage’s theatrical outburst, it’s impossible to know which, if any, of these was behind his bank’s decision. But none of them seems like particularly good news for him, so we will watch with great interest as things unfold…especially if it looks like he might feel the need to emigrate as a result of it. (Will he take a small boat to France, I wonder?)

[Spoonman]

According to a few people elsewhere that watch KGBN so I don't have to, Farage started his show this evening with a rant regarding bank accounts, that he's taking a break from the show for at least a few weeks (probably a la Andrew Neill's exit from the channel - he made a similar announcement on his last show there) and that he's considering leaving the UK. Can I suggest Rwanda?

[Bones McCoy]

Jeezus, all his little acolytes are up in arms commenting on GB News Youtube clips.

"They're doing the same to Tommy Robinson".
"This should be illegal".
"This is now what our gallant troops fought for".

[Youngian]

Nige mentioned on GBNews that a cryptodumpster currency Coinbase has closed his account. The plot thickens.

[safe_timber_man]

If he's now saying he may have to leave the country then it could possibly be a weak attempt at justifying jumping the sinking ship that he sabotaged.

[safe_timber_man]

Neil might be being a bit playful there. The bank in question is Coutts.

If you head over to his twitter he seems pretty serious and very offended on Farage's behalf. Already churned out an article about it, too.

[Youngian]

Neil might be being a bit playful there. The bank in question is Coutts.

If you head over to his twitter he seems pretty serious and very offended on Farage's behalf. Already churned out an article about it, too.

Yes you’re right, very odd behaviour. Why’s he nailing his colours to Farage with scant information?

[Bones McCoy]

I find the FT is a good place to catch up on this sort of story.
Their writers understand the possible technical issues

Nigel Farage says he is being driven from UK by pro-Remain banks

Ex-Brexit party leader claims ‘serious political persecution’ as accounts face closure

https://www.ft.com/content/7d20f7d7-bc8 ... 16e8f4c75d


Interesting comments.
Nigel and his fluffers will see these as further evidence of an establishment plot.

[safe_timber_man]

And he knows full well a bank can't publicly discuss an individuals account. He's really playing up to the audience. The man has fallen so far over the years in my book.

[Bones McCoy]

Bollocksed image insert.

[Bones McCoy]

[safe_timber_man]

2:20

Ukraine?? As the first country he mentions? Was that meant to be a little dig or has he got a guilty conscience and dare not say Russia?

[Bones McCoy]

And he knows full well a bank can't publicly discuss an individuals account. He's really playing up to the audience. The man has fallen so far over the years in my book.

A shit-ton of speculation, some honest, but much from the usual supporters and fanboys.
One source will know the facts about the payments - that source is the bank.

[Bones McCoy]

Russia - never heard of 'em.