Money Laundering: Politically Exposed Persons — Written Question

Question

Kevin Hollinrake

Conservative — Thirsk and Malton

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

Answer

Lucy Rigby

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...

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