Scientology’s UK bank NatWest, which was fined £264 million in 2021 for failing to prevent money laundering, has issued a statement after allegations emerged of the Church engaging in credit card fraud.
Former Sea Org executive Chris Shelton today released an insightful interview with Scientology Business editor Apostate Alex discussing Scientology’s financial records, tax exemption and fraud.
Since being rejected by the Charity Commission in 1999, Scientology has operated in the United Kingdom through an Australian-registered charity called COSRECI (Church of Scientology Religious Education College, Inc). As such, their revenue is considered ‘foreign income’ and is exempt from [continue reading…]
The Church of Scientology has been engaged in numerous financial schemes for well over 50 years. With the ‘Bridge to Total Freedom’ costing parishioners anywhere from $250,000 to $1 million, staff members operate under constant pressure to develop strategies that generate [continue reading…]
Politician Nigel Farage recently hit the UK headlines after his bank account was unexpectedly closed by Coutts, a private bank owned by Natwest. Dubbed the ‘debanking scandal’, he was considered too controversial to have as a customer and the bank decided [continue reading…]
Recent financial filings with the Australian Charities & Not-for-profits Commission (ACNC) paint a worrying financial picture for Scientology’s UK operations. Operating through an Australian-registered entity known as COSRECI (Church of Scientology Religious Education College, Inc), Scientology are required to file annual [continue reading…]
In the United States, due to it’s IRS tax exempt status Scientology’s finances are somewhat protected from public scrutiny. Fortunately for us, the same is not the case in the UK, where Scientology operates through an Australian-registered charity called Church of [continue reading…]
In the United Kingdom, Scientology operates through an Australian-registered charity named Church of Scientology Religious Education College, Inc. (COSRECI). However, when they applied (and were rejected) for charity status in 1999, they did so under another entity, Church of Scientology (England [continue reading…]
Last month Scientology’s UK corporation known as the Church of Scientology Religious Education College Inc (COSRECI), filed their latest accounts with the Australian Charities & Not-for-profits Commission. The filings reveal an overall annual income of $26,562,014, up $3 million on the [continue reading…]
Despite receiving religious recognition and IRS tax exemption in the US, the Church of Scientology was denied charity status by the UK Charities Commission in 1999. This means Scientology’s UK operations are taxable by HM Revenue & Customs and the organisation [continue reading…]