Dear All,
Dear All, no it does not mean that Nick's bank accounts are 'freed'. UK High Street banks still cannot take the regulatory risk of dealing with Ukrainian businessmen. The financial returns are too small and yet the Financial Conduct Authority will fine them hundreds of thousands of pounds for any infringement of the Money Laundering Regulations.
Government Ministers have said, on the Record, at the Despatch Box, that the complete integrity of the money laundering regulations is more important than allowing the export of AFVs to Ukraine. Treasury ministers do not seem to understand that there is a war on, albeit not directly involving us.
Every AFV that Nicks sends out to Ukraine will provide protected mobility to another group of Ukrainian soldiers and avoid them being killed needlessly when compared to a soft skinned vehicle.
If you do meet any elected politicians of any colour do raise the issue with them. Ask them "Are you aware that the Money Laundering Regulations are preventing the export of Armoured Fighting Vehicles to Ukraine and what are you going to to do about it?.
John