Lloyds wird beschuldigt, das linke Medienunternehmen The Canary debankisiert zu haben
Lloyds accused of debanking left-wing media outlet The Canary
Von 457655676
Lloyds wird beschuldigt, das linke Medienunternehmen The Canary debankisiert zu haben
Lloyds accused of debanking left-wing media outlet The Canary
Von 457655676
9 Kommentare
People need to realize if you give governments and corporations the power to go after people you don’t like, *they’ll still have that same power to use on you*
“We shouldn’t help Ukraine” Canary? Well maybe they can ask papa Putin for banking services.
It’s a bit naive from CityAM. They know that there are strict laws which stop Lloyds confirming if there’s a money laundering investigation.
The money-laundering investigations are fundamentally broken. If the bank doesn’t understand your business’s financial structure, they forward it on as a criminal investigation which can take months to years as the NCA is overwhelmed. I suspect a large part of the problem is that the banks are protected from the consequences of freezing assets as they can just say they had reasonable suspicion. Consequently banking ombudsman complaints have a very low success rate even after accounts are cleared. The banks also have no incentive to have a competent investigation team in place because it costs money and there’s no return on that investment.
Does anyone trust the Canary? The Canary are still spreading antisemitic hoaxes. Though some redditors probably like that.
But this is quite easy to explain:
>“Lloyds has not explained why it has taken this action. Despite multiple communications from us, the bank has not been forthcoming with its reasoning,” it claimed.
Banks have to follow very strict rules around suspicions of money-laundering. [„Tipping off“ is a criminal offence](https://www.cps.gov.uk/prosecution-guidance/money-laundering-offences). Anyone who’s had a proper job in the industry had it drummed into them, in the training on day one, that you’re not allowed to tell the customer why that unusual bank transfer has been held up.
Same thing pops up every so often on Angry People In Local Newspapers &c when somebody who does lots of cash-in-hand work has a big transaction rejected by their bank, and they go to the local newspaper outraged that nobody in the bank can tell them *why* they’re not allowed to withdraw a carrier bag full of used tenners. Local journo diligently types up the story, and the bank mysteriously can’t give them any more detail for the article
These laws do seem easy to exploit. Set up a couple of accounts, start paying into Putin adjacent firms then once they return the money pay it to BP and then tip off the bank that BP are taking money from Putin and sit back as it’s accounts are frozen.
Wonder if this will get even 1/10th the coverage of Farage losing his special rich boy bank account?
How much sympathy did the Canary reading folks have for Nigel Farage? I dont agree with debanking anyone, but I want to know the facts before coming to a judgement. The Canary is not the best source of accuracy.
People are just ignoring the elephant in the room here.
Lloyds not giving a reason why is a clear indication that they are following anti-money laundering laws and are not „tipping off“
They clearly believe there is reasonable suspicion that the Canary has received, or given money, to entities or people under sanctions.
The question of if they have or not is for the investigation to show. But clearly something about the Canaries finances has spooked them. And given they are a media outlet it is not a decision the bank will have made lightly.