UK regulator launches review of treatment of PEPs in light of recent “debanking” cases

FCA to review the treatment of domestic PEPs by financial services firms.

The FCA has today set out issues it will consider as part of a review of the treatment of domestic Politically Exposed Persons (PEPs) by financial services firms. This review is being conducted in compliance with S78 of the Financial Services and Markets Act 2023. The regulator will examine how

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