Barclays Tight-Lipped Over Report It Has Blacklisted Billionaire Client

Tom Burroughes

21 March 2016

Wafic Saïd, a billionaire philanthropist, Conservative Party backer and former arms dealer, has been blocked from being a client of Barclays, according to a newspaper report.

The UK-listed bank, according to a report in The Times (of London), has also blacklisted the Saïd Foundation, which finances the Saïd Business School at Oxford University. The report said the trustees of the foundation are “furious” with Barclays and fear the charity may have to close.

The report did not quote , have developed services to fire out alerts about PEPs and potentially significant changes in their circumstances.