Monthly Archives: December 2017

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UK banks face fines after 1st January 2018 as immigration checks on account holders loom

Category : Housing

Banks and building societies face fines and public sanction by the City regulator if they fail to conduct thorough immigration checks on current account holders from January.

From the start of 2018, banks will be required to scrutinise the immigration status of their 76 million current account customers against a government database of individuals without leave to remain in the UK.

On the other hand the Home Office has been urged by more than 60 MPs and campaign groups to halt an “inhumane” new policy that will see banks required to check the immigration status of account holders from January.

An open letter to Amber Rudd — whose signatories include Green Party co-leader Caroline Lucas, Labour MP David Lammy and human rights group Liberty – warns that the checks could see thousands wrongly blocked from using banking services, due to the Home Office’s “poor track record” of dealing with complaints and appeals in a timely manner.

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