![]() Guernsey, Jersey and the Isle of Man have agreed to provide clearer information about company ownership in the tax havens after UK MPs and financial transparency campaigns attacked efforts to prevent money laundering. The news comes amid increasing pressure on global banks to meet tighter rules on financial crime. The lenders sent similar letters to check the identities of customers but only closed a small percentage of accounts. HSBC Holdings PLC ( LON:HSBA), Royal Bank of Scotland Group PLC ( LON:RBS) and Barclays PLC ( LON:BARC) are also said to have toughened controls in Jersey. The bank was forced to take action at the end of last year to meet rules on money laundering in Jersey, where its international business is based, the newspaper reported. Lloyds Banking Group PLC ( LON:LLOY) has reportedly frozen 8,000 accounts of offshore banking customers amid a regulatory clampdown on money laundering.Īccording to the Financial Times, Lloyds took the decision after asking the customers to prove their identity for three years. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Proactive will on occasion use automation and software tools, including generative AI. The team also has access to and use technologies to assist and enhance workflows. Our human content creators are equipped with many decades of valuable expertise and experience. ![]() Proactive has always been a forward looking and enthusiastic technology adopter. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. This is content that excites and engages motivated private investors. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. In Australia, she was a journalist for News Corp and regional newspaper group APN. Before joining Proactive in February 2017, she spent four years as managing editor of financial news websites Digital Look and Sharecast in London. ![]() Renae has more than 15 years of experience as a journalist and editor for various newspapers, newswires and websites in the UK and Australia. ![]()
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