questionText: To ask the Chancellor of the Exchequer, what steps she is taking to ensure that banks are applying (a) Know Your Customer and (b) other compliance checks transparently for humanitarian charities operating in vulnerable countries.
answerText: Banks are required to apply ‘know your customer’ and other checks to mitigate the risk that banks accounts may be used for money laundering or terrorist financing. The Treasury works closely with the Financial Conduct Authority and industry groups such as...
heading: Bank Services: Charities