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UK regulator calls on firms to improve treatment of politically exposed persons

Britain’s Financial Conduct Authority has told banks, payment firms and lenders to do more to ensure parliamentarians, senior public servants and their families are not treated unfairly, the watchdog said in a statement on Thursday.
“Public service naturally comes with greater scrutiny. But it must be proportionate and shouldn’t disadvantage people running for office or taking senior public roles, or their families,” the FCA’s executive director of markets and international, Sarah Pritchard, said in the statement.
Source: REUTER

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