More Reform UK transactions worth millions reported to National Crime Agency
Summary
Bankers raised concerns about money transfers linked to senior Reform UK figures and donations, leading to reports made to the UK's National Crime Agency (NCA). Among these were a £5 million gift to Reform leader Nigel Farage from a cryptocurrency billionaire and other transactions involving party deputies and donors, prompting investigations into possible money laundering.Key Facts
- Bankers filed suspicious activity reports (SARs) with the NCA about money linked to Reform UK leaders.
- A £5 million gift to Nigel Farage from a Thailand-based cryptocurrency billionaire was reported to the NCA.
- Multiple transactions involving Reform UK deputy leader Richard Tice, donor Fiona Cottrell, and convicted fraudster George Cottrell raised suspicion.
- One SAR focuses on a £1 million donation to Britain Means Business, a fundraising group for Reform UK, with unclear origins of the funds.
- Two SARs relate to a loan from George Cottrell to Richard Tice before Tice’s property purchase and party donation.
- SARs are reports made by regulated professionals when they suspect money laundering but do not prove crimes.
- Farage faces an ongoing investigation by the parliamentary standards watchdog regarding the £5 million gift.
- Farage has resigned his parliamentary seat and will run again in a byelection, but the investigation continues.
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