Bank Services: Vetting
(asked on 9th May 2025) - View Source
Question to the HM Treasury:
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.
This question was answered on 15th May 2025
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 that the revised guidance will be published and brought into effect this summer.