Player FMアプリでオフラインにしPlayer FMう!
“No one should be a denied a bank account”, says Politically Exposed Persons expert amid Farage bank account row
Manage episode 372454466 series 1006550
This week the seldom talked about world of Politically Exposed Persons (PEPs) came into the spotlight after Nigel Farage claimed the banks did not want him as a customer due to him being a PEP.
The row between Farage and NatWest bank has already accounted for the heads of the CEOs of NatWest and Coutts, the prestigious private bank for the wealthy it owns, and looks set to rumble on.
In this podcast, we chat with a PEP expert Alia Mahmud, who is the Regulatory Affairs Practice Lead at compliance data provider ComplyAdvantage.
Mahmud tells us what exactly a PEP is; how fintechs manage PEP clients and the extra due diligence involved; and why fintechs and other financial institutions might want to reduce their number of PEP clients.
She says that being a PEP involves a “whole lot of complications” and Mahmud also tells us why it is “prudent” for fintechs not get publicly involved in commenting on clients’ political and social beliefs.
411 つのエピソード
Manage episode 372454466 series 1006550
This week the seldom talked about world of Politically Exposed Persons (PEPs) came into the spotlight after Nigel Farage claimed the banks did not want him as a customer due to him being a PEP.
The row between Farage and NatWest bank has already accounted for the heads of the CEOs of NatWest and Coutts, the prestigious private bank for the wealthy it owns, and looks set to rumble on.
In this podcast, we chat with a PEP expert Alia Mahmud, who is the Regulatory Affairs Practice Lead at compliance data provider ComplyAdvantage.
Mahmud tells us what exactly a PEP is; how fintechs manage PEP clients and the extra due diligence involved; and why fintechs and other financial institutions might want to reduce their number of PEP clients.
She says that being a PEP involves a “whole lot of complications” and Mahmud also tells us why it is “prudent” for fintechs not get publicly involved in commenting on clients’ political and social beliefs.
411 つのエピソード
すべてのエピソード
×プレーヤーFMへようこそ!
Player FMは今からすぐに楽しめるために高品質のポッドキャストをウェブでスキャンしています。 これは最高のポッドキャストアプリで、Android、iPhone、そしてWebで動作します。 全ての端末で購読を同期するためにサインアップしてください。