Fara-Go

[cyril evans awaydays]

If you believe one of the original Bad Boys of Brexit our Nige might be on the brink of leaving this sceptered isle, warm beer and all. Probably why he spends so much time looking wistfully over the Channel on the White Cliffs of Dover.

https://www.cityam.com/nigel-farage-claims-he-may-have-to-leave-uk-after-bank-accounts-closed/

This seems to have been triggered by his bank, allegedly Coutts, home to Royalty, the elite and....er the Common Man shutting down his bank account without apparently giving him any reason. Now banks don't normally do this on a whim and normally give people the opportunity to make other suitable arrangements, though not apparently in this case. The main reason this happens is one of the following.

• Suspicious transactions outside of the normal range in the account.
• Lack of use
• Suspected fraud
• Money Laundering
• Personality clashes (you’ve been rude to staff repeatedly)
• Support for unlawful activities, terrorism, etc.
• Reputational risk

Probably one of the more innocent reasons I guess!

[jon1959]

Re: Fara-Go

Oh dear How sad Never mind.jpg

[Dorcus]

Re: Fara-Go

Send him on a small boat to France and Au Revoir

[Wales-Bales]

Re: Fara-Go

Getting ready for 2024, stick it in your diary.

[cyril evans awaydays]

Re: Fara-Go

Getting ready for 2024, stick it in your diary.

[Wales-Bales]

Re: Fara-Go

This seems to have been triggered by his bank

What is your compliance line in the sand, and what will you do if it is ever breached?

[Canton Kev]

Re: Fara-Go

Getting ready for 2024, stick it in your diary.

He’s off to watch England at the Euros is he?

[TWGL1]

Re: Fara-Go

https://www.telegraph.co.uk/politics/2023/06/30/nigel-farage-bank-row-building-society-close-accounts/

I don’t think in isolation this is a big issue ( some would argue against it though) but if the cashless mantra becomes the norm then I’d say this could cause significant problems to people who fail to tow the line.

[cyril evans awaydays]

Re: Fara-Go

What is your compliance line in the sand, and what will you do if it is ever breached?

I must say being challenged on my views about regulatory adherence by someone who thinks himself a cross between Nostradamus and Spartacus but whose personal acts of rebellion seem limited to bombarding a football messageboard with a daily dose of endless meaningless cliches did tickle.

In the Farage case if the Coutts account (still unclear whether it his personal account or a corporate one with all the fog he has thrown up) was frozen/closed because of lack of use or Farage's abuse of staff then that looks a little harsh.

Obviously if it is because of suspicious transactions outside of the normal range in the account, suspected fraud, money laundering or support for unlawful activities then I would expect the bank to operate with appropriate due diligence as you have encouraged DeutcheBank and others to undertake on other occasions!

The most ironic thing about this though was Farage threatening to leave the country because of it. Perhaps he knows of a few countries where a bloke turns up at the border asking to live there and they get waved through with a welcome and a smile.

[TWGL1]

Re: Fara-Go

I must say being challenged on my views about regulatory adherence by someone who thinks himself a cross between Nostradamus and Spartacus but whose personal acts of rebellion seem limited to bombarding a football messageboard with a daily dose of endless meaningless cliches did tickle.

In the Farage case if the Coutts account (still unclear whether it his personal account or a corporate one with all the fog he has thrown up) was frozen/closed because of lack of use or Farage's abuse of staff then that looks a little harsh.

Obviously if it is because of suspicious transactions outside of the normal range in the account, suspected fraud, money laundering or support for unlawful activities then I would expect the bank to operate with appropriate due diligence as you have encouraged DeutcheBank and others to undertake on other occasions!

The most ironic thing about this though was Farage threatening to leave the country because of it. Perhaps he knows of a few countries where a bloke turns up at the border asking to live there and they get waved through with a welcome and a smile.

Sounds like a case of double standards to me.

How many M.P.s have committed one or more of the things Farage has ,as far as I know , no action has been taken against them.

[cyril evans awaydays]

Re: Fara-Go

Sounds like a case of double standards to me.

How many M.P.s have committed one or more of the things Farage has ,as far as I know , no action has been taken against them.

I suppose you need to know what he has done to be able to compare it with the perceived sins of others.

[TWGL1]

Re: Fara-Go

I suppose you need to know what he has done to be able to compare it with the perceived sins of others.

Indeed

[Wales-Bales]

Re: Fara-Go

I don’t think in isolation this is a big issue ( some would argue against it though) but if the cashless mantra becomes the norm then I’d say this could cause significant problems to people who fail to tow the line.

An ever changing line that becomes more draconian as time goes on. We witnessed the slippery slope syndrome with "15 days to flatten the curve" and all the subsequent propaganda and coercion that was used to force compliance and behavioural change. FYI most major corporations are now implementing ESG departments that will seek out perceived wrong thoughts and/or behaviour of their clients, which may be one thing today and something entirely different the next. If you want to know how it works look no further than China where all lines are eventually crossed, and that is why I would never express glee over an individual case of a perceived enemy.

[JamesWales]

Re: Fara-Go

I think everyone should admit, this is a worrying series of events, and there are now numerous examples online. Reading today about the 'wings over Scotland blogger who's account was frozen.

Banks are absolute bastards are we give them more power at our peril.

Withdraw some cash and spend it. Stop dancing to their tune because we are sleep walking into losing control over how we spend our money which has severe civil liberties consequences

[lardy]

Re: Fara-Go

I think everyone should admit, this is a worrying series of events, and there are now numerous examples online. Reading today about the 'wings over Scotland blogger who's account was frozen.

Banks are absolute bastards are we give them more power at our peril.

Withdraw some cash and spend it. Stop dancing to their tune because we are sleep walking into losing control over how we spend our money which has severe civil liberties consequences

If, as he says, his account has been frozen because he got the UK out of the EU then it's incredibly worrying.

If, as I imagine is probably the case, there is a lot more to it than that and he's suspected of doing something illegal, then I'm fine with that. And he's possibly in some truble.