Banks and building societies will be forced to carry out immigration checks on 70m current accounts from January, according to reports in the Guardian.
The Home Office expects to identify 6,000 visa overstayers, failed asylum seekers and foreign national offenders facing deportation in the first year.
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The measures are part of Prime Minister Theresa May‘s plans to create a “hostile environment” for illegal immigrants in Britain, and the accounts of those identified will be closed down or frozen.
An impact assessment was undertaken back in 2015 by HM Treasury along with the Home Office, the Ministry of Justice and the Financial Conduct Authority
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