Remove politics civil-service
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City watchdog to contact MPs and other PEPs to ask if they have been debanked

TheGuardian

The Financial Conduct Authority plans to send letters on Tuesday to politically exposed persons (PEPs) – who include MPs, peers, leaders of UK political parties and senior ranking military officers – to ascertain whether individuals are struggling to secure services and how widespread the problem may be. Continue reading.

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Congresswoman Waters raises questions about CFPB Enforcement Director candidate

CFPB Monitor

House Financial Services Committee Chairwoman Maxine Waters has sent a letter to CFPB Director Kraninger raising questions about the potential appointment of Thomas G. Waters stated that the job description posted on the Bureau’s website had indicated that Enforcement Director is an excepted service position. In her letter, Ms.

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PEP and watchlist name screening: What are regulatory expectations?

Abrigo

There are many published lists of individuals and entities that financial institutions could consider risky enough to scan for to monitor for suspicious activity, including sanctions lists, world leaders lists, politically exposed person (PEP) lists, special measures lists, and 314(a) lists.

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Don’t be fooled: this row is about more than Nigel Farage and Coutts – what lies beneath is Brexit | Martin Kettle

TheGuardian

Because the ex-Ukip leader embodies leave, and they fear him So the Mediterranean is on fire, the Ukraine war not going well, the health service on its knees and the economy still at risk of recession. To be absolutely clear, no bank should deny an account to a customer because of their lawful politics.

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Key Components of a Strong Sanctions Compliance Program

Abrigo

Create an effective sanctions program Considering the current economic and political environment, it is crucial that financial institutions maintain a strong sanctions compliance program (SCP). Each institution's SCP will vary depending on its size and complexity, products and services, customers and counter-parties, and geographic locations.

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Blockchain: Looking beyond the hype of Bitcoin

Bobsguide

As a form of currency, Bitcoin continues to divide opinion across financial services, technology, politics and civil liberties groups. Some see it as a means to free currency control from centralised forces and central banks, while others fear it has already become a platform for criminality and.

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The Guardian view on David Cameron and Greensill Capital: questions to answer | Editorial

TheGuardian

The Greensill Capital affair sums up what is wrong with a cosy revolving-door culture in British politics. Mr Greensill’s firm, which has now gone bust, garnered lucrative business as a result of one of his proposals, which was reportedly adopted against civil service advice. It must not be. Continue reading.

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