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Why did HSBC shut down bank accounts?
In late July last year Mohammed Kozbar, chairman of the Finsbury Park Mosque near the Emirates football stadium in north London, was astonished to receive a letter out of the blue from his bankers, HSBC.
The letter informed him that his bank account was to be closed. It explained: "HSBC bank has recently conducted a general review and has concluded that provision of banking services to Finsbury Park Mosque now falls outside of our risk appetite."
There was no further explanation and no right of appeal. Kozbar says that there had been no previous issues between the mosque and HSBC and that he "couldn't understand" what had happened.
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