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Concern as just one in four UK firms carries out sanctions and PEP checks

Tank silhouette against Ukraine flag
Conflict in Ukraine has prompted sanctions. Photo: Getty Images

Martin Cloake

1 min read
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Survey of 500 regulated businesses shows sharp drop in focus on compliance.

There has been a sharp decline in the number of UK businesses regularly carrying out due diligence on sanctions and politically exposed persons (PEPs).

Just one in four firms consistently check new customers against sanctions or PEP lists, with the financial services sector showing a decline from 66% to 22%.

The findings

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