Lloyds freezes 8,000 offshore customer accounts

Lloyds Banking Group has reportedly frozen 8,000 accounts of offshore banking customers amid a regulatory clampdown on money laundering.

According to the Financial Times, the bank took the decision after asking customers to prove their identity for three years.

The had been forced to take action towards the end of last year to meet rules on money laundering in Jersey, where its international business is based.

HSBC Holdings, Royal Bank of Scotland and Barclays are also said to have toughened controls in Jersey.

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