Lloyds freezes 8,000 offshore Jersey accounts amid money laundering clampdown

Pedro Gonçalves
clock • 2 min read

Lloyds has frozen the accounts of about 8,000 offshore banking customers based in Jersey as part of a crackdown on money laundering, after asking them for three years to prove their identity, the FT reports. 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 UK lender took the decision after clients failed to prove their identity three years after they were requested to do so.  In a statement to the FT, a spokesperson for Lloyds said: "Over the last three years we have made multiple ...

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