The Trader 

Market Outlook: Lloyds bank accounts in Jersey frozen

The Trader

Tighter ‘know your customer’ rules have meant that 8,000 international accounts operated by Lloyds Banking Group out of Jersey have been frozen as insufficient details of the individuals behind these accounts had been gathered over the last 3 years. Last week Deutsche Bank warned 1,000 corporate clients that they might have banking links axed, again due to  money-laundering regulations.

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