Member

The worry here is that, with one of those visits—it may happen in the legal services industry, chartered accountancy, tax advisers and maybe trust-providing bodies—will the bodies that they are professionally subscribed to be doing that check, and then the institution will wait for yet another knock on the door from the FCA to do a similar check? I would have hoped that this legislation would give us the opportunity to cut through a bit of the nonsense and strengthen what the professional bodies are doing very well.