List of financial institutions that do not satisfactorily verify financial statements
For the purpose of verifying applicants' maintenance funds under the points-based system, the UK Border Agency maintains a list of financial institutions in some countries that do not satisfactorily verify financial statements. The list of financial institutions can be found at Appendix P of the Immigration Rules.The list will be kept under review, and additions or deletions made as appropriate. We will include an institution on the list if we consider, on the basis of experience, that it does not verify financial statements to our satisfaction in more than 50 per cent of a sample of cases. Further or alternatively, we may include institutions on the list if they do not participate in specified schemes or arrangements in the country of origin, where we trust the verification checks provided by banks that do participate in those schemes. The following criteria provide an example of the minimum standard for banks in order for us to satisfactorily verify documentation:
- international banks; or
- national banks with a UK private banking presence; or
- regulated national/state banks that provide a core banking service.
Last Updated: 01 January 1970