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Nigel Farage cries persecution, nobody wants to be his banker after ties to Russia

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  • Registered Users, Registered Users 2 Posts: 41,367 ✭✭✭✭ohnonotgmail


    Very similar to the "many people say" device employed by a certain American tangerine.



  • Registered Users, Registered Users 2 Posts: 86,683 ✭✭✭✭Overheal


    That one I always hear in the voice of Sean Hannity.



  • Registered Users, Registered Users 2, Paid Member Posts: 3,039 ✭✭✭PommieBast


    There are no forms for these things. It starts off with them asking for proof of the source of funds and from there it is down to individual circumstances. For instance inheritances need the will and other probate documentation. In my case the major headache was funds from the buyout of an overseas company.



  • Posts: 2,263 ✭✭✭ [Deleted User]


    According to Coutts, Farage was not considered a PEP for the purposes of their "commercial" decision.



  • Registered Users, Registered Users 2 Posts: 41,367 ✭✭✭✭ohnonotgmail


    When did coutts say this? I was not aware they have given any reason for their decision



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  • Posts: 2,263 ✭✭✭ [Deleted User]


    According to the BBC report, Coutts rejected Farage due to insufficient funds -- not because he was a PEP.

    Are you suggesting that today's BBC report is fake?



  • Registered Users, Registered Users 2 Posts: 41,367 ✭✭✭✭ohnonotgmail


    No, I am questioning your reading comprehension. The report did say that the account was closed because of insufficient funds I don't remember it saying they didn't consider Farage a PEP. Frankly I find that preposterous. He is about as politically exposed as a person can be.



  • Posts: 2,263 ✭✭✭ [Deleted User]


    Farage has admitted he had insufficient funds for well over a decade, but that his account was nonetheless not cancelled over this period.

    If Farage is a PEP and Coutts believe that to be the case, then it's bizarre that the BBC report didn't mention it.



  • Registered Users, Registered Users 2, Paid Member Posts: 18,093 ✭✭✭✭astrofool


    So, they're definitely not closing his accounts as revenge for brexit being a disaster then?

    Even by farage's own admission it seems to be a combination of insufficient funds and being a PEP depending on the bank.



  • Moderators, Politics Moderators, Social & Fun Moderators, Sports Moderators Posts: 17,615 Mod ✭✭✭✭Quin_Dub


    You do understand that he could be a PEP and have insufficient Funds right?

    And you do also understand that the reason they closed the account was for the insufficient funds and not the PEP.

    One thing being the reason for their action does not automatically mean that the other thing isn't true.

    You can grasp that concept, right?



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  • Posts: 2,263 ✭✭✭ [Deleted User]


    I thought it was all about "Russian money"?

    Funny how that argument has suddenly and conveniently left the conversation.

    Now we're left discussing the magnolia minutiae of banking eligibility criteria.



  • Registered Users, Registered Users 2 Posts: 86,683 ✭✭✭✭Overheal


    How has it left the conversation?

    Non sequitur alert.



  • Registered Users, Registered Users 2 Posts: 7,576 ✭✭✭HalloweenJack


    That poster cannot.

    Earlier today they similarly took the story about Coutts closing Farage's account to mean that it was evidence of no Russian money.



  • Registered Users, Registered Users 2 Posts: 41,367 ✭✭✭✭ohnonotgmail


    There is nothing reported that indicates he is not a PEP. nothing.



  • Registered Users, Registered Users 2, Paid Member Posts: 28,426 ✭✭✭✭Peregrinus


    Farage absolutely is a politically exposed person. This isn't a matter for debate and it doesn't require any gazing into crystal balls or wrestling with doubt or with hard-to-interpret language.

    The concept is defined in the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 as "an individual who is entrusted with prominent public functions, other than as a middle-ranking or more junior official", and official guidance to banks, issued by the Financial Conduct Authority under those regulations, specifically says that the members of governing bodies of political parties should be treated as PEPs. Farage is a member of the governing body of Reform UK Party Ltd.

    If Farage is being equivocal about whether he is a PEP or not then, once again, this illustrates what a thoroughly unreliable source of information he is.



  • Moderators, Politics Moderators, Social & Fun Moderators, Sports Moderators Posts: 17,615 Mod ✭✭✭✭Quin_Dub


    Once more with feeling...

    **It can be about more than one thing , at the same time**



  • Registered Users, Registered Users 2 Posts: 7,660 ✭✭✭brickster69


    Looks like Nat West involved in a new one. Obviously a few people are caught up in the net.


    The old world is dying, and the new world struggles to be born: now is the time of monsters. — Antonio Gramsci



  • Registered Users, Registered Users 2 Posts: 45,510 ✭✭✭✭ancapailldorcha


    The foreigner residing among you must be treated as your native-born. Love them as yourself, for you were foreigners in Egypt. I am the LORD your God.

    Leviticus 19:34



  • Registered Users, Registered Users 2 Posts: 41,367 ✭✭✭✭ohnonotgmail


    Farage has not suggested it at all. It is all in the mind if the poster I responded to



  • Registered Users, Registered Users 2, Paid Member Posts: 11,759 ✭✭✭✭John_Rambo


    Did someone tell you this or did you make it up?



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  • Posts: 2,263 ✭✭✭ [Deleted User]


    We can only assign wrongdoing if evidence presents itself that wrongdoing was the cause.

    Are you aware of any evidence of wrongdoing, because I'm unaware of it. Not speculation or allegations, but actual evidence.

    Since when did we throw out the principle of the presumption of innocence?



  • Registered Users, Registered Users 2, Paid Member Posts: 11,759 ✭✭✭✭John_Rambo


    Very interesting. But who told you him and his families bank accounts were frozen? Did you make it up?



  • Posts: 2,263 ✭✭✭ [Deleted User]


    Farage mentioned it in his original video.

    Moreover, this is typical with PEPs, that direct family members also have their bank accounts closed.



  • Registered Users, Registered Users 2, Paid Member Posts: 28,426 ✭✭✭✭Peregrinus


    Well, there might be. It's a counterpoint to the claim that the whole thing is a woke campaign against people with political views that lean to the right.

    There may be a genuine issue here that the money-laundering legislation is too strictly applied, or that it is applied in too opaque a way, so the customers do not know the grounds on which adverse decisions are based and have no opportunity to challenge the decisions or correct misunderstandings. Farage's desperate need to frame the whole thing as a witch hunt against him and other snowflakes of the right could be distracting attention from something that actually needs some attention.



  • Moderators, Social & Fun Moderators, Paid Member Posts: 5,611 Mod ✭✭✭✭Rawr


    I find that this degree of defending Farage to be equal parts depressing and facinating at the same time. Depressing in the sense that I feel that this is a person who upon encountering a supporter on fire, probably wouldn't even piss on them to extinquish the flames. Yet, just like Trump supporters in the US, these people must double down in defending their chosen idol, and they cannot be wrong. It is not an option to be wrong, ever. It must be an exhausting existence to have to fight against the waves of reality so much like that.

    I'm tempted to bandy this mindset together with "Flat Earth" sycophants. It's an extreme example, but these are people who have to put *so much* of themselves into backing up a nonsense lie about our world that they have little choice than to circle the wagons around the few of them that will support an indefensable position and then try their best to loudly declare their brilliance while condemning the rest of the world as fools. All while the rest of the world adopts what is reality. The world is round, the sky is blue, and Nigel Farage is a has-been who has lost a chunk of his wealth.

    Cootes offered him a normal NatWest account. I'm guessing they felt that Farage simply wasn't bringing in enough cash to make having him on the books worth their while. NatWest are much larger operation, and likely better staffed to handle the PEP stuff if that was the issue. But Farage is special, he wanted to be in the special bank for important people like him...but they said (in a snooty accent) "No, sorry Nigel my old man...you see my boy, you are what myself and my fellow peers would describe as a loser and that's simply not the "look" we want here at Cootes. No. So kindly bugger off my good fellow to this NatWest branch, better suited to your....eh-hem....station. "

    Of course now you've a Farage who can't be seen whipping out a regular old NatWest card when paying for stuff, so he goes hunting for another fancy "boutique" bank logo to have on his credit card. Alas for him, I guess they all had a similar minset to Cootes, after which the dimwit decided to make this a "Culture War" battleground. Brilliant fodder for GB News and his supporters for sure, but what he's done now is make it even harder for these other fancy banks to take him on. Banks that turn him down are "woke" now, meaning that a bank that does take him on might have to deal with the impression that they are the "non-Woke" bank, which just introduces potential a tonne of possible headaches. Far, far easier to just not take him on.

    So now we have a political commentator and wannabe politician who's income is dependant on the patience of GB News' investors (thus not guarenteed forever) who can't stomach the idea of banking in the same manner that 99.99% of the rest of us do, and has managed to whip up the concept that the banks, one of the most conservative type of institutes about, are now "woke".

    The word "woke" had long become a nonsense catch-all to complain about things, but part of me starts to wonder if Farage will declare anything he doesn't like as woke? Will he have a disappointing sandwich next week and call that woke? Will his car break down because the gearbox was too woke? Had to throw out the milk in the fridge the other day...smelled a bit woke. It would be funnier if this mindset hadn't crashed the UK out of the worlds largest trading block for at least a generation and screw over a load of British youth in the process.



  • Moderators, Politics Moderators, Social & Fun Moderators, Sports Moderators Posts: 17,615 Mod ✭✭✭✭Quin_Dub




  • Registered Users, Registered Users 2, Paid Member Posts: 11,759 ✭✭✭✭John_Rambo


    So it was an untruth. Fake news.

    Thanks for answering.



  • Registered Users, Registered Users 2 Posts: 7,660 ✭✭✭brickster69


    Exactly, it could actually also of given people caught up in this mess the courage to speak up about it.

    The old world is dying, and the new world struggles to be born: now is the time of monsters. — Antonio Gramsci



  • Moderators, Politics Moderators, Social & Fun Moderators, Sports Moderators Posts: 17,615 Mod ✭✭✭✭Quin_Dub


    You do understand that "Frozen" and "Closed" are two very very different things don't you?



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  • Moderators, Politics Moderators, Social & Fun Moderators, Sports Moderators Posts: 17,615 Mod ✭✭✭✭Quin_Dub


    "Exactly" what?

    That Farage has invented a culture war about Banks "picking on him" because he is a self-important twat when really it's more likely just poorly constructed/applied legislation that needs to be updated to make it clearer to all what's going on and why?



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