questionText: To ask the Chancellor of the Exchequer, what guidance (a) her Department and (b) the Financial Conduct Authority has given to financial institutions on the anti-money laundering checks on (i) UK domestic Politically Exposed Persons and (ii) their spouses or partners when purchasing a house to determine the true source of (A) deposits and (B) equity.
answerText: Guidance for financial institutions on the treatment of Politically Exposed Persons (PEPs) is published by the Financial Conduct Authority (FCA) and can be found here: FG25/3: Treatment of politically exposed persons | FCA The guidance was updated in July...
heading: Money Laundering: Politically Exposed Persons