Bankers Filed Suspicious Activity Report Over Farage's £5 million Gift From Tether Billionaire
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Nigel Farage's £5 million gift from billionaire Tether investor Christopher Harborne was flagged to the UK's National Crime Agency by bankers, the Guardian has reported.
Key facts
Nigel Farage's £5 million gift from billionaire Tether investor Christopher Harborne was flagged to the UK's National Crime Agency by bankers, the Guardian has reported
Harborne's lawyers told the Guardian that Farage received the money on April 5, 2024
The bankers filed a suspicious activity report, or SAR, with the agency on May 16 2024, according to the Guardian, which noted they were not satisfied they could trace the ultimate origin of the funds
Harborne, a British, Thailand-based businessman who holds a 12% stake in USDT issuer Tether and sits sixth on the Sunday Times Rich List, has separately donated millions of pounds to Reform UK
Summary
They filed a suspicious activity report in May 2024, saying they could not trace where the money ultimately came from; such a report is not proof of wrongdoing. Reporting on the SAR comes amid a standards investigation into whether Farage should have declared the gift, which he says he was under no obligation to do. The bankers filed a suspicious activity report, or SAR, with the agency on May 16 2024, according to the Guardian, which noted they were not satisfied they could trace the ultimate origin of the funds.