Drew the Dawlish gardener Jarman-Norris

I probably hate you

[Liam Dutton @liamdutton]

It’s interesting that tweeting about the hottest June on record still has some people denying that’s the case.

Even more interesting is that in order to back their view, they present graphs and information that shows they clearly have no idea what they are talking about…

[Drew the Dawlish gardener Jarman-Norris @ditasplaything]

Seriously, between the freaky dolls and the nodding cats I'm convinced #antiquesroadshow is trying to give me nightmares

[Drew the Dawlish gardener Jarman-Norris @ditasplaything]

Oh for fucks sake #TheCricket

[Mark Kieran - Democracy Activist @MarkKieranUK]

Nigel Farage claims he may be forced to leave the UK because his bank of 30+ years has decided it no longer wants his business, and no other bank will take him on.

He says it's pure persecution...the Remainer Elite taking revenge for his role in delivering Brexit. But there's a bit more to it than that. Needless to say, Farage is being more than a little economical with the actualité.

He DOES admit to being a Politically Exposed Person (PEP), as defined by the Financial Action Task Force, an international body established in 1989 to set international standards for countering money laundering and terrorist financing.

He should not be surprised, then, that as a result, his bank is obliged by UK law - the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 - to carry out robust due diligence on him and his banking activities.

From what Farage has said, it appears that the bank has done this due diligence and concluded that he represents a level of risk they cannot tolerate.

So, why might that be?

Well, the main reasons a bank might close a PEP’s accounts are:

Suspicion of Money Laundering or Other Illegal Activity: This is the most common reason for closing a PEP's account. This can result from unusual transactions, particularly those involving large sums of money or transactions that do not match the account holder's typical behaviour.

Failure to Comply with KYC/AML Regulations: All banks are required by the Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to carry out strict checks on their customers. If a PEP fails to provide the necessary documentation or information, or if the information provided raises concerns, the bank may choose to close the account.

Reputational Risk: By their very definition, PEPs are under public scrutiny, and any scandal associated with them can potentially harm the reputation of the bank. If a PEP becomes involved in a public scandal, especially one involving financial wrongdoing, a bank may decide to close an account to protect its own reputation. (Perish the thought that Farage would ever be involved in a public scandal!)

Regulatory Pressure: Sometimes, banks face pressure from regulators to sever ties with certain PEPs, particularly in scenarios involving international sanctions, corruption charges, or other high-profile legal issues. Bad as he is, Farage probably doesn’t quite fall into this category. Yet.

Business Risk: Banks also need to consider the business risk of maintaining the account. If the costs and risks associated with maintaining and monitoring the account outweigh the potential benefits (e.g., due to high compliance costs or the risk of fines for non-compliance), the bank may decide to close the account.

Given the limited amount of actual information in Farage’s theatrical outburst, it’s impossible to know which, if any, of these was behind his bank’s decision. But none of them seems like particularly good news for him, so it'll be worth keeping an eye on how things unfold...especially if it looks like he might feel the need to emigrate as a result of it all. (Will he take a small boat to France, I wonder?)

[END]

[Drew the Dawlish gardener Jarman-Norris @ditasplaything]

Strong start #TheCricket

[Jess Phillips @jessphillips]

More than the government spend on women's refuges by quite a margin.

[Zoe Gardner @ZoeJardiniere]

THE COURT OF APPEAL FINDS RWANDA IS NOT A SAFE COUNTRY FOR REFUGEES TO BE REMOVED FROM THE UK

[Adam Bienkov @AdamBienkov]

BREAKING: Two MI5 officers visited Boris Johnson to warn him against handing a peerage to the son of a KGB agent.

Security services highlighted "significant potential risks" to going ahead with the appointment

Boris Johnson went ahead anyway.
https://t.co/zVk2HgH8XX

[Drew the Dawlish gardener Jarman-Norris @ditasplaything]

Just get Guns N fucking Roses on #Glastonbury

[Andrew Hunter Murray @andrewhunterm]

HAVE YOU BEEN INVOLVED IN A COUP THAT WASN'T YOUR FAULT?

[Ed Hawkins @ed_hawkins]

BREAKING: the White Cliffs of Dover have been illuminated with the UK 'warming stripes' for #ShowYourStripes day!

These stripes represent the UK average temperature from 1884 to 2022 with blue colours for colder years and red colours for hotter years.

https://t.co/LW5Kgrr8w3

[Drew the Dawlish gardener Jarman-Norris @ditasplaything]

@zeptepi_phil Cool!

[Drew the Dawlish gardener Jarman-Norris @ditasplaything]

@Martynnorris Sorry, my twitter app is completely fucked at the moment so not seeing things that are sent to me

[Drew the Dawlish gardener Jarman-Norris @ditasplaything]

In case anyone was wondering, yes this is more important than some fucking rich cunts in a posh fucking tin can!

[National Trust @nationaltrust]

An extreme heatwave has developed in UK seas.

Precious marine ecosystems are struggling as temperatures rise underwater, meaning species like puffins could soon find their food in short supply.

Nature is in crisis. Ask your MP to take action now: https://t.co/hcg0YCZfat

#SaveOurWildIsles

Photo: Ian Ward

[The Game Collection @game_collection]

Hahahaha we're ancient. 👴👵

[Robert Peston @Peston]

The wrong kind of economic record to ser. From @ONS just now: “Public sector net debt (PSND ex) at the end of May 2023 was £2,567.2 billion and provisionally estimated at 100.1% of GDP. The last time the debt-to-GDP ratio was above 100% was March 1961”

[Doug Naylor @DougRDNaylor]

From some point today every episode of Red Dwarf will drop on BBC IPlayer. This is the first time ever all the shows have been available to watch at the same time in the same place. Let the Dwarf binge begin. #RedDwarf

[Robert Peston @Peston]

MPs vote by 354 to 7 that Boris Johnson is an intentional and serial liar. No former prime minister has ever suffered quite such an indignity

[Drew the Dawlish gardener Jarman-Norris @ditasplaything]

This REALLY should be getting more coverage

[Drew the Dawlish gardener Jarman-Norris @ditasplaything]

This thread is just utterly wonderful

[Pulp Librarian @PulpLibrarian]

Today in pulp I look back at the Witchploitation explosion of the late 1960s: black magic, bare bottoms and terrible, terrible curtains!

Come this way...