Headline on Crown Agents
General Ludendorff described the British/Australian/Canadian breakthrough before Amiens on 8th August 1918 as ‘the black day of the German army in the World War’.
The week of 23rd October 2023 could be described as the black week for Fintech.
CAB Payments – the former payments division of Crown Agents Bank – was in the […]
The AML gospel according to St JMLSG
Things have moved quickly since the breaking of the scandal over the de-banking of Nigel Farage. Dame Alison Rose, CEO of Natwest, has resigned along with the CEO of […]
I spoke briefly on Liam Halligan’s show on GBNews about their ‘Don’t kill cash’ campaign:
https://x.com/gbnews/status/1690990780767166465?s=46&t=UN7HZkpr9JYSbWdGfk-dXA
I appeared on Nigel Farage’s show on GBNews on Wednesday 9th August 2023 on the subject of de-banking and the FCA’s letter to 30 or so institutions asking them to lay out who they had de-banked and why. The interview begins at Minute 9:
Cover of JMLSG guidance
Introduction
The UK’s financial services industry has invented for itself the right to use data providers to identify Politically Exposed Persons (PEPs). The de-banking of Nigel Farage by Coutts/Natwest has shone a light on this regime which the industry claims is an implementation of […]
Payment Systems Regulator strategy to introduce ‘Trusted KYC Data Sharing’
Whatever one’s opinion of Nigel Farage, the concept that he can be de-banked should be troubling to everyone. It should be even more troubling to those familiar with the financial industry’s measures to counter financial crime, as remedies being applied by banks are more extreme than […]
Letter to Lord Johnson
The Payments Association has sent a letter to Lord Johnson about the proposed widening of the coverage for victims of Authorised Push Payment Fraud (APPF):
The letter raises three areas of concern, which could have unintended consequences:
1. Almost all consumers experiencing APP fraud will get their money back (unless they are ‘grossly negligent’);
2. The cost […]
HM Treasury’s Call for Evidence
We have submitted a response to the Call for Evidence issued by HM Treasury in connection with the review of the 2017 Payment Services Regulations.
You can DOWNLOAD OUR RESPONSE HERE.
It was submitted just before the collapse of Silicon Valley Bank and the unedifying spectacle of UK government ministers jumping up and […]