The United States has been given a warning over Nigel Farage's recent debanking scandal, with finance and investment expert Derek Kreifels warning that it is a "worldwide phenomenon".
Speaking at the Alliance for Responsible Citizenship (Arc) Conference in London, he said that there have been "red flags" in the US over "what could be coming" in the future, referring to the policing of peoples' views.
Kreifels, who is a major critic of Environmental, Social and Governance (ESG) policies, warned that banks are "going after small businesses that they don't think are politically aligned with them".
Asked about Farage being de-banked, he told GB News: "It's a worldwide phenomenon.
"You know, it started with the Canadian Truckers, of course, you know that were protesting the COVID lockdowns in Canada. We saw the Prime Minister of Canada, Justin Trudeau, pushed some of the most socialistic policies out to prevent people from donating money to these protesters.
"Showing up at people's houses with the police to to ask why they made contributions to these protesters.
"And we saw that, in the United States, as a real red flag of what could be coming to the United States."
He added: "We've now seen some banks like JP Morgan Chase debanked an organization - the former ambassador for religious freedom under President Trump, a guy named Sam Brownback started a nonprofit organization that was for religious freedom for all religions - and JP Morgan Chase debanked him because they didn't agree with what they were doing.
"And we see Wells Fargo going after small businesses that they don't think politically align with them.
"We're seeing many examples of this happen in the United States.
"I'm hearing here at the Arc event other examples happening around the world of banks that - a lot of times it's not even so much that they're mentioning the it's because of ESG anymore - it's just because politically they don't agree with me."
Earlier this year it was revealed that Nigel Farage had his bank account closed with Coutts because of his political views.
Bombshell documents recently exposed the level of contempt held for the GB News presenter among bank staff, with one even threatening to throw milkshake over him.
Farage continued by vowing to “keep pressure” on the Financial Conduct Authority over the matter of debanking, but admits to being concerned about the group’s commitment to other issues such as “diversity and inclusion."
He said: “There’s a million people who have had their bank accounts removed over the course of the last few years.
“Many of them small businesses that have struggled horribly since. By the end of this year, they will have closed three out of five high street branches around the country.
“Many of them almost don’t want to take cash that comes from local businesses. This is a fight not just for me, this is a fight about a fairer, freer society.
“And you know something? I’m going to keep on fighting because I will not let them get away with it.”
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Kreifels, who is a major critic of Environmental, Social and Governance (ESG) policies, warned that banks are "going after small businesses that they don't think are politically aligned with them"
GBN
Earlier in the month, The Government pledged to change the law to prevent people being de-banked for having the “wrong political views”.
It plans to amend existing rules to ensure banks, building societies and other financial services firms are not undermining people’s right to freedom of speech.
Chancellor Jeremy Hunt said during the Conservative party conference: “Nobody should have their bank account closed because somebody else decides they’re not politically correct.
“We’ll tighten the law to stop people being debanked for the wrong political views.”
