Lloyds freezes 8,000 offshore accounts in Jersey in money laundering crackdown
Authorities have recovered $267m from Jersey accounts belonging to the late Nigerian dictator Sani Abacha
London — Lloyds Banking Group froze the accounts of about 8,000 offshore banking customers as part of a crackdown on money laundering, after asking them for three years to prove their identity.
The move to meet more stringent “know your customer” requirements highlights the growing pressure on global banks to meet tougher rules on financial crime by regulators. Deutsche Bank warned 1,000 of its largest corporate clients in May that they faced a similar fate to meet money laundering rules...