Financial Services: Politically Exposed Persons
Lords · Question HL14878 · Tabled 25 Feb 2026 · Treasury · Official record
Answered 12 Mar 2026
Question
Asked by Lord Roberts of Llandudno
To ask His Majesty's Government, further to the Written Answer by Lord Livermore on 12 February (HL14156), what assessment framework is used to assess the effectiveness of due diligence checks on politically exposed persons undertaken by financial institu
Answer
Answered by Lord Livermore, 12 Mar 2026
The FCA is responsible for overseeing compliance by financial institutions with due diligence checks on politically exposed persons. The overall effectiveness of the UK’s anti-money laundering regime is assessed on a regular basis by the Financial Action ...