Overview

• NatWest's review into the closure of Coutts' customer accounts found no evidence of discrimination based on political views.
• The review, conducted by law firm Travers Smith, examined 84 account closures, including those of politically exposed persons (PEPs).
• Coutts, a private bank for the wealthy owned by NatWest, closed about 900 accounts over a two-year period.
• The review found that the bank could improve the way it communicates account closures to customers.
• The government is planning to change the law to treat UK-based PEPs as lower risk than those from overseas and extend the notice period that banks must give customers before an account is closed.