questionText: To ask the Chancellor of the Exchequer, whether he has held discussions with the Financial Conduct Authority on the treatment by financial institutions of individuals who are deemed to be politically exposed persons for anti-money laundering purposes.
answerText: My officials have been in regular contact with the FCA on the issue of the treatment of Politically Exposed Persons (PEPs) since concerns were first raised in 2017, and my predecessor, Rt. Hon. John Glen MP, met with the FCA and banks in February 2022 to ...
heading: Financial Services: Politically Exposed Persons