Written question asked by Kevin Hollinrake (Conservative) on Tuesday, 28 October 2025, in the House of Commons. It was due for an answer on Thursday, 30 October 2025. It was answered by Lucy Rigby (Labour) on Wednesday, 5 November 2025 on behalf of the Treasury.
Money Laundering: Politically Exposed Persons
- Question
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To ask the Chancellor of the Exchequer, what guidance (a) her Department and (b) the Financial Conduct Authority has given to financial institutions on the anti-money laundering checks on (i) UK domestic Politically Exposed Persons and (ii) their spouses or partners when purchasing a house to determine the true source of (A) deposits and (B) equity.
- Answer
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Guidance for financial institutions on the treatment of Politically Exposed Persons (PEPs) is published by the Financial Conduct Authority (FCA) and can be found here:
FG25/3: Treatment of politically exposed persons | FCA
The guidance was updated in July 2025, including to clarify that unless other enhanced risk factors are present, UK PEPs and their relatives must be subject to a lower level of enhanced due diligence than overseas PEPs.
Secondary information
- Type
- Written question
- Reference
- 85823
- Session
- 2024-26
- Subjects
- Housing Money laundering Loans Regulation Politically exposed persons
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2025-11-06 11:30:43 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/85823
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/85823
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/85823