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Politically Exposed Person (PEPs) United Kingdom Financial Institutions

A&O Shearman

PEP talk revisited: revised UK guidance on treatment of PEPs

A&O Shearman on

The UK Financial Conduct Authority (FCA) has issued finalised guidance on the treatment of politically exposed persons (PEPs) for anti-money laundering purposes. There is no significant shift in the FCA’s expectations of...more

A&O Shearman

Mistaken breach of UK Financial Sanctions: possible exposure and what to do

A&O Shearman on

The UK sanctions imposed as a result of Russia’s invasion of Ukraine have undoubtedly put intense pressure on businesses to review existing commercial arrangements and tighten sanctions compliance systems and controls. But...more

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