The Financial Conduct Authority is reviewing the treatment of "politically exposed persons" to strike a balance between free speech and commercial risk.
British press reports suggest that individuals and groups have lost access to financial services due to their views, including a vicar who was closed out by his lender for expressing concerns about transgender "ideology." PayPal terminated the accounts of the Daily Sceptic and Free Speech Union, which criticize "cancel culture." The bank lobby group UK Finance stated that accounts are only closed after an extensive review and that customers must be treated fairly.
LONDON DAILY ARCHIVE
UK Government Launches Investigation into Allegations of Banks Blacklisting Customers based on Political Views
The British government is investigating allegations that banks are blacklisting clients based on their political views.
03 July 2023 · 23:25 UTC
