Arron Fraser Andrew Banks (born 1966) is a British businessman and political donor.[1] He is the co-founder (with Richard Tice) of the Leave.EU campaign.[2][3] Banks was previously one of the largest donors to the UK Independence Party (UKIP) and helped Nigel Farage's campaign for Britain to leave the EU.
In November 2018 the National Crime Agency opened an investigation into Banks following concerns raised over the source of his funding.[4] In September 2019, the National Crime Agency dropped its investigations into Banks and Leave.EU. The NCA found "no evidence that any criminal offences have been committed."[5]
He was reported to have had multiple meetings with Russian embassy officials[6] as well as being offered business opportunities in Russia in the run-up to the Brexit referendum.[7][8][9] He has denied any wrongdoing and said: "There was no Russian money and no interference of any type."[10] In May 2020, The Electoral Commission, who had referred Banks to the NCA for investigation of these allegations, conceded Banks did not break electoral law during the 2016 EU referendum campaign. Banks said he had been "completely vindicated" after reaching a settlement with the Electoral Commission.[11]
His 2016 book The Bad Boys of Brexit: Tales of Mischief, Mayhem & Guerrilla Warfare in the EU Referendum Campaign was ghostwritten by pro-Brexit journalist Isabel Oakeshott.[12][13] It was reported in March 2017 that Banks was no longer a member of UKIP.[14]