SS: Conservative Party politician has his HSBC bank account closed after a short visit to Kyiv on grounds he had made transactions in a 'sanctioned country.'
Highlights a worrying trend following on from the news a few months ago of dozens of defence companies being similarly debanked. Banks are becoming excessively risk averse.
Posted by Fealocht
1 Comment
I mean this is the effect of regulation. Governments wanted banks to be risk averse and compliant.