My Lords, the kind of language the Government may use in dealing with this in legislation may be limited, but I am very glad that they are taking action. Will they take on board, when talking with allies in other countries, the importance of how the concept of the PEP is handled? I am in the appalling situation of finding that my husband’s relatives in the United States have been challenged on opening accounts because they are related to me. How that relationship was disclosed, I find extraordinary. There must have been an awful lot of trawling through genealogical tables, or else someone is reading my emails. There is a serious issue about how this spreads to the families of Members of this House, of Members of the other place and of others who may rightly be regarded as politically exposed. Their relatives at many distances removed surely cannot be caught in that trap.
Bank of England and Financial Services Bill [HL]
Proceeding contribution from
Baroness Kramer
(Liberal Democrat)
in the House of Lords on Tuesday, 3 May 2016.
It occurred during Debate on bills on Bank of England and Financial Services Bill [HL].
About this proceeding contribution
Reference
771 c1331 Session
2015-16Chamber / Committee
House of Lords chamberSubjects
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2017-02-21 09:43:23 +0000
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