Bankers Filed Suspicious Activity Report Over Farage's £5M Gift From Tether Billionaire
DECRYPT ·
Bankers reported a £5 million ($6.7 million) gift to Nigel Farage from crypto billionaire Christopher Harborne to the UK's National Crime Agency, the Guardian has reported. 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. 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. 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. A SAR is not proof of wrongdoing and is not the same as a crime report. It is a flag that invites the agency to examine a transaction and decide whether there are grounds for further investigation. 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.
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