Financial Services: Politically Exposed Persons
Lords · Question HL14156 · Tabled 30 Jan 2026 · Treasury · Official record
Answered 12 Feb 2026
Question
Asked by Lord Roberts of Llandudno
To ask His Majesty's Government what assessment they have made of the effectiveness of due diligence checks on politically exposed persons undertaken by financial institutions in the United Kingdom.
Answer
Answered by Lord Livermore, 12 Feb 2026
The Government is clear that the enhanced due diligence requirements contained in the Money Laundering Regulations in relation to politically exposed persons provide valuable, actionable intelligence on those who would seek to abuse their positions, inclu...