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British businessman Arron Banks takes part in a press briefing by the 'Leave.EU' campaign group. Photo: Leon Neal/AFP via Getty Images

The United Kingdom's Electoral Commission has referred Arron Banks, a British businessman who co-founded one of the campaigns to exit the European Union, for criminal investigation for concealing the source of $10.3 million in campaign funds that were allegedly obtained improperly.

The big picture: The commission launched an investigation in November 2017 into whether Banks was actually the "true source" of loans to Better for the Country, which ran the campaign for the Brexit organization Leave.EU. The commission noted at the end of their release that any donations from a foreign entity would be considered "impermissible."

In a statement, Banks welcomed the investigation and denied wrongdoing from any of the companies he owns: "I am a U.K. taxpayer and I have never received any foreign donations."

  • He later added, "Isn't it funny that that none of the financial contributions made by George Soros to British political campaigns are ever subject to any level of scrutiny by the Electoral Commission despite his being a foreign national?"

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57 mins ago - World

How Biden might tackle the Iran deal

Photo illustration: Aïda Amer/Axios. Photo: Drew Angerer/Getty Images

Four more years of President Trump would almost certainly kill the Iran nuclear deal — but the election of Joe Biden wouldn’t necessarily save it.

The big picture: Rescuing the 2015 Joint Comprehensive Plan of Action (JCPOA) is near the top of Biden's foreign policy priority list. He says he'd re-enter the deal once Iran returns to compliance, and use it as the basis on which to negotiate a broader and longer-lasting deal with Iran.

Kamala Harris, the new left's insider

Photo illustration: Eniola Odetunde/Axios. Photo: Joe Buglewicz/Getty Images     

Progressive leaders see Sen. Kamala Harris, if she's elected vice president, as their conduit to a post-Biden Democratic Party where the power will be in younger, more diverse and more liberal hands.

  • Why it matters: The party's rising left sees Harris as the best hope for penetrating Joe Biden's older, largely white inner circle.

If Biden wins, Harris will become the first woman, first Black American and first Indian American to serve as a U.S. vice president — and would instantly be seen as the first in line for the presidency should Biden decide against seeking a second term.

Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — U.S. tops 88,000 COVID-19 cases, setting new single-day record.
  2. Politics: States beg for Warp Speed billions.
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases.
  4. 🎧Podcast: The vaccine race turns toward nationalism.

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