Exclusive: Bankers have raised potential money-laundering concerns over loans and donations involving senior party figures
A host of transactions involving Reform UK’s most senior figures and donations to the party caused bankers to report potential money-laundering concerns to the National Crime Agency, a Guardian investigation has found.
On Tuesday, the Guardian revealed that the undisclosed £5m gift provided to the Reform leader, Nigel Farage, by a cryptocurrency billionaire shortly before the 2024 general election was reported to the NCA.
One relates to a £1m donation made to Britain Means Business, a fundraising organisation for Reform UK, before the last general election. Half of the £1m was then transferred by Tice, as director of the company, to Reform UK. Renamed from Leave Means Leave, Britain Means Business is a company that is used to help fund Reform. The £1m seemingly came from the aristocrat and Reform UK donor Fiona Cottrell. In this instance, the Guardian understands bank staff were not satisfied that the funds had ultimately come from her. The NCA has sought help from a foreign partner agency to trace the original source of the funds.
Two other SARs relate to a loan from George Cottrell to Tice. The loan was made shortly before Tice finalised a property purchase and made a party donation, and was not repaid until after those two transactions were completed, according to sources. George Cottrell is the son of Fiona Cottrell, and is a convicted fraudster, former deputy treasurer of Ukip and close associate of Farage.
A fourth relates to the £5m gift from the Thailand-based businessman Christopher Harborne to Farage, which was first revealed by the Guardian in April.
Continue reading...
