banks has been accused of ditching funds born in countries the bank considers to be high - risk . Reports suggest the bank has made this move as it was concerned it may not be able to satisfy regulations on its anti - money laundering processes , following regulatory scrutiny by the Financial Conduct Authority in November for failing to do due diligence and proper crime reporting on a deal involving wealth clients and politically exposed persons . Barclays insists there is no policy of " wholesale exiting " of clients but instead on a case - by - case basis .
Barclays has been accused of ditching clients born in countries the bank considers to be high-risk. Reports suggest the bank has made this move as it was concerned it may not be able to satisfy regulators on its anti-money laundering processes, following regulatory scrutiny by the Financial Conduct Authority in November for failing to do due diligence and proper crime checks on a deal involving wealth clients and politically exposed persons. Barclays insists there is no policy of "wholesale exiting" of clients but instead on a case-by-case basis.