HomeFCA warns banks they'll ‘act’ if politicians are wrongly denied providers

FCA warns banks they’ll ‘act’ if politicians are wrongly denied providers

A

n government on the Financial Conduct Authority (FCA) stated the watchdog will “act” if monetary establishments wrongly deny politicians or their households entry to providers.

Writing within the Telegraph, FCA government director Sarah Pritchard stated they’re reviewing whether or not monetary establishments are being “proportionate” of their danger assessments of politically uncovered individuals (PEPs).

Content Source: www.customary.co.uk

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