| Surely this should have rung AML alarm bells? 08:34 - Jul 30 with 1101 views | DanTheMan |
https://www.theguardian.com/po
Large deposits coming from one place, with some being left, and then a few days later being transferred elsewhere is money laundering 101 style behaviour. Taking out the political aspect of this, it's astonishing the banks involved here didn't raise anything. [Post edited 30 Jul 8:39]
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| Surely this should have rung AML alarm bells? on 08:42 - Jul 30 with 999 views | Mullet |
Surely he’s done and hopefully jailed for a long time if the accusations are remotely true? He’s also lying on Twitter again I notice. Taking credit for road repairs budgeted and sorted before Reform took power.
How does he get away with it for so long? |  |
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| Surely this should have rung AML alarm bells? on 08:42 - Jul 30 with 986 views | Swansea_Blue |
Dodgy as fook |  |
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| Surely this should have run AML alarm bells? on 08:44 - Jul 30 with 968 views | nrb1985 |
If you read further down it says they did and certainly I recall reading previously that SARs for various Reform linked payments had been filed - including I believe the $5m donation.
From your article:
"Several of these transactions caused bankers to raise potential money-laundering concerns with the UK’s National Crime Agency, via suspicious activity reports (SARs), according to financial industry sources"
For those unfamiliar, NCA is effectively our FBI and filing a SAR is just about the most "extreme" action you can take as a Bank. Before doing so, Reform will have been asked many times for clarity and corroborating documents - which I assume they couldn't satisfactorily provide and so a SAR was filed. This effectively freezes their account until NCA have investigated further.
Looks like this is an example of the system doing what it's supposed to. [Post edited 30 Jul 8:45]
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| Surely this should have run AML alarm bells? on 08:52 - Jul 30 with 890 views | DanTheMan |
| Surely this should have run AML alarm bells? on 08:44 - Jul 30 by nrb1985 |
If you read further down it says they did and certainly I recall reading previously that SARs for various Reform linked payments had been filed - including I believe the $5m donation.
From your article:
"Several of these transactions caused bankers to raise potential money-laundering concerns with the UK’s National Crime Agency, via suspicious activity reports (SARs), according to financial industry sources"
For those unfamiliar, NCA is effectively our FBI and filing a SAR is just about the most "extreme" action you can take as a Bank. Before doing so, Reform will have been asked many times for clarity and corroborating documents - which I assume they couldn't satisfactorily provide and so a SAR was filed. This effectively freezes their account until NCA have investigated further.
Looks like this is an example of the system doing what it's supposed to. [Post edited 30 Jul 8:45]
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I guess my point was, if this was at my work, there's no way those funds would have left her account, especially once the pattern was spotted. I'm surprised they allowed it.
Admittedly hard with the tipping off rules. | |
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| Surely this should have run AML alarm bells? on 08:57 - Jul 30 with 828 views | Mullet |
| Surely this should have run AML alarm bells? on 08:52 - Jul 30 by DanTheMan |
I guess my point was, if this was at my work, there's no way those funds would have left her account, especially once the pattern was spotted. I'm surprised they allowed it.
Admittedly hard with the tipping off rules. |
Was the coutts thing due to suspicions of money laundering/ dodgy sources of income? | |
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| Surely this should have run AML alarm bells? on 08:59 - Jul 30 with 818 views | nrb1985 |
| Surely this should have run AML alarm bells? on 08:52 - Jul 30 by DanTheMan |
I guess my point was, if this was at my work, there's no way those funds would have left her account, especially once the pattern was spotted. I'm surprised they allowed it.
Admittedly hard with the tipping off rules. |
As I said, sounds like the alarm bells were rung by the bank and, having some knowledge of how these things work, I strongly suspect the funds only ever left her account once the NCA was satisfied - or unable to conclusively prove wrongdoing. | | | |
| Surely this should have run AML alarm bells? on 09:02 - Jul 30 with 793 views | nrb1985 |
| Surely this should have run AML alarm bells? on 08:57 - Jul 30 by Mullet |
Was the coutts thing due to suspicions of money laundering/ dodgy sources of income? |
No.
They just didn't want him on the books anymore because he was a "low value" client and also a PEP.
It was a routine exercise most of the private banks went through in recent years i.e. getting rid of PEPs who didn't meet minimum thresholds because it's such an administrative nightmare banking them.
I believe at the time Farage only had a mortgage with them for ~£1m. | | | |
| Surely this should have run AML alarm bells? on 09:02 - Jul 30 with 794 views | DanTheMan |
| Surely this should have run AML alarm bells? on 08:57 - Jul 30 by Mullet |
Was the coutts thing due to suspicions of money laundering/ dodgy sources of income? |
From memory, no. If I recall correctly, it was a mix of things but it boiled down to just generally it not being worth it to continue banking with him.
He didn't actually have a big account with them (by Coutts standards) but there was obvious reputational risks. Fairly standard stuff, but it was their reaction to him that caused all the nonsense. | |
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| Surely this should have run AML alarm bells? on 09:04 - Jul 30 with 780 views | DanTheMan |
| Surely this should have run AML alarm bells? on 08:59 - Jul 30 by nrb1985 |
As I said, sounds like the alarm bells were rung by the bank and, having some knowledge of how these things work, I strongly suspect the funds only ever left her account once the NCA was satisfied - or unable to conclusively prove wrongdoing. |
Fair enough, maybe it's different with banks. My work is generally investments, possibly works differently, and I don't get to see behind the curtain for fairly obvious reasons.
Have had to flag a few things though! | |
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| Surely this should have run AML alarm bells? on 09:08 - Jul 30 with 755 views | nrb1985 |
| Surely this should have run AML alarm bells? on 09:04 - Jul 30 by DanTheMan |
Fair enough, maybe it's different with banks. My work is generally investments, possibly works differently, and I don't get to see behind the curtain for fairly obvious reasons.
Have had to flag a few things though! |
I think the issue sounds like they used the shadow banking system (crypto exchanges etc) to get the money to her in the initial instance.
I have no idea what powers or oversight the NCA have for that type of thing but it's a minefiled as you say and similarly, we frequently have to flag things, which usually becomes a black hole of time for everyone!
Anybody whose ever had to file a SAR has my deepest sympathy... | | | |
| Surely this should have run AML alarm bells? on 09:34 - Jul 30 with 650 views | Steve_M |
| Surely this should have run AML alarm bells? on 09:02 - Jul 30 by DanTheMan |
From memory, no. If I recall correctly, it was a mix of things but it boiled down to just generally it not being worth it to continue banking with him.
He didn't actually have a big account with them (by Coutts standards) but there was obvious reputational risks. Fairly standard stuff, but it was their reaction to him that caused all the nonsense. |
And then Nat West totally fked it up by briefing to the press allowing dodgy Nigel to take the moral high ground with large parts of the media. |  |
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| Surely this should have run AML alarm bells? on 09:44 - Jul 30 with 619 views | nrb1985 |
| Surely this should have run AML alarm bells? on 09:34 - Jul 30 by Steve_M |
And then Nat West totally fked it up by briefing to the press allowing dodgy Nigel to take the moral high ground with large parts of the media. |
The fact they were also basically laughing and calling him a cnt on their internal comms beggars belief too.
While true, unfathomable senior people could be so stupid to put that in writing. | | | |
| Surely this should have run AML alarm bells? on 11:45 - Jul 30 with 425 views | Swansea_Blue |
| Surely this should have run AML alarm bells? on 08:44 - Jul 30 by nrb1985 |
If you read further down it says they did and certainly I recall reading previously that SARs for various Reform linked payments had been filed - including I believe the $5m donation.
From your article:
"Several of these transactions caused bankers to raise potential money-laundering concerns with the UK’s National Crime Agency, via suspicious activity reports (SARs), according to financial industry sources"
For those unfamiliar, NCA is effectively our FBI and filing a SAR is just about the most "extreme" action you can take as a Bank. Before doing so, Reform will have been asked many times for clarity and corroborating documents - which I assume they couldn't satisfactorily provide and so a SAR was filed. This effectively freezes their account until NCA have investigated further.
Looks like this is an example of the system doing what it's supposed to. [Post edited 30 Jul 8:45]
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IIRC the freezing of a party’s accounts is unprecedented. It’s no surprise Farage has been pushing crypto so much. Along with Harborne, this posh George convicted fraudster fellow seems to be up awash with crypto funds from undeclared sources. I wonder whether it’s via far right networks that are extremely well funded globally or the Ruskies. Probably the former, as the Russians have shown they can buy Farage’s people way more cheaply than this. | |
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| Surely this should have run AML alarm bells? on 11:59 - Jul 30 with 391 views | Guthrum |
| Surely this should have run AML alarm bells? on 11:45 - Jul 30 by Swansea_Blue |
IIRC the freezing of a party’s accounts is unprecedented. It’s no surprise Farage has been pushing crypto so much. Along with Harborne, this posh George convicted fraudster fellow seems to be up awash with crypto funds from undeclared sources. I wonder whether it’s via far right networks that are extremely well funded globally or the Ruskies. Probably the former, as the Russians have shown they can buy Farage’s people way more cheaply than this. |
Probably both. The Russian government has long had links with their own domestic hard-right groups and, by extension, those abroad. |  |
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| Surely this should have run AML alarm bells? on 12:17 - Jul 30 with 346 views | nrb1985 |
| Surely this should have run AML alarm bells? on 11:45 - Jul 30 by Swansea_Blue |
IIRC the freezing of a party’s accounts is unprecedented. It’s no surprise Farage has been pushing crypto so much. Along with Harborne, this posh George convicted fraudster fellow seems to be up awash with crypto funds from undeclared sources. I wonder whether it’s via far right networks that are extremely well funded globally or the Ruskies. Probably the former, as the Russians have shown they can buy Farage’s people way more cheaply than this. |
I would imagine the unprecedented part is that no political party in the UK has had their accounts frozen before.
It's fairly common practice in banks once suspicious activity has taken place to freeze accounts.
On the crypto and russian point, would be hard to disagree! | | | |
| Surely this should have rung AML alarm bells? on 12:25 - Jul 30 with 318 views | ElderGrizzly |
The fact a Trump appointed sitting US judge visited his home while there is a conveniently a pardon process happening I'm sure is an unfortunate coincidence.
Jenrick just ignored the question twice when asked this morning.
Cottrell's links to Russia are troubling too
https://bylinetimes.com/2026/0 |  | | |
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