Written Question·Treasury·UIN 51128

Bank Services: Vetting

Tabled: 9 May 2025
Answered: 15 May 2025

Question

Kevin Hollinrake

Conservative — Thirsk and Malton

To ask the Chancellor of the Exchequer, pursuant to the Answer of 29 April 2025 to Question 45654 on Bank Services: Vetting, what her planned timetable is for issuing revised guidance on Political Exposed Persons.

Answer

Emma Reynolds
The Government has been working closely with the FCA to follow up on the findings of its review into the treatment of Politically Exposed Persons (PEPs) by financial institutions and to ensure firms improve their practices where necessary. The FCA expects...
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