(MENAFN) According to a former cabinet minister, the banks have been possibly used to launder stolen money from South Africa.
A spokesperson said: "We take allegations of financial misconduct very seriously, and have passed Lord Hain's letter on to the Financial Conduct Authority and relevant UK law enforcement agencies, including the National Crime Agency and Serious Fraud Office, to agree the right action."
These claims are based on assumed relations between South Africa's president Jacob Zuma and the Guptas, a rich business family.
A leading anti-apartheid campaigner urged the authorities in UK "to track that stolen money down and make sure that British financial institutions help return it to South African taxpayers".
The allegations are denied by President Zuma and by the Guptas.
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