UK News

FCA warns banks they will ‘act’ if politicians are wrongly denied services


n executive at the Financial Conduct Authority (FCA) said the watchdog will “act” if financial institutions wrongly deny politicians or their families access to services.

Writing in the Telegraph, FCA executive director Sarah Pritchard said they are reviewing whether financial institutions are being “proportionate” in their risk assessments of politically exposed persons (PEPs).

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblocker Detected

Hello! We hope you're having a great time exploring our website. If you could kindly disable your adblocker, it would mean the world to us and help us buy a cup of coffee. Thank you!