City and Treasury Minister Andrew Griffith has written to the UK’s financial watchdog urging it to prioritise a review into whether people are being denied bank accounts due to their political views.
Last week, the British political leader Nigel Farage claimed that Coutts, the prestigious private bank he had been with for over 40 years, has closed his bank account with “no explanation.
One of the reasons Mr. Farage said was that he believed he may have been deemed a politically exposed person (PEP), a term used for someone who, through their prominent position or influence, is more susceptible to being involved in bribery or corruption….