FINTRAIL has designed a checklist of points to consider when managing PEP customers across the anti-financial crime framework.
The treatment of UK politicians within the financial services sector has sparked political debate and generated media headlines in recent times, particularly in the wake of the Nigel Farage-Coutts scandal. In response, the UK’s Financial Conduct Authority (FCA) has called on financial services firms to improve the treatment of Politically Exposed Persons (PEPs).
We have created this resource to highlight some of the key areas of consideration for managing PEP relationships effectively.
BLOG: Navigating New FCA Guidance on Politically Exposed Persons (PEPs)