June 24 2019
Britain’s Lloyds Banking Group has frozen 8,000 customer accounts under a wider crackdown on money-laundering, the lender announced on June 24.
LBG took action late last year after a change to money-laundering rules in Jersey, home to the lender’s international division, the Financial Times had reported.
Lloyds froze the accounts after failing to obtain details regarding customer identities despite multiple requests, a company spokesman told AFP.