E63: De-banking: What is a PEP, anyway?

If you've picked up a British newspaper, switched on the TV, logged on to social media, or attended a political party conference – there is one word you will have come across again and again…. De-Banked! British politicians and media figures are in uproar about bank accounts being shut down or applications being rejected - reportedly due to political connections and beliefs. The term 'politically exposed persons' – previously only known to compliance nerds – has suddenly become a mainstream talking point. In this week's episode – our host, Marit Rødevand, is joined by Phil Coole , MRLO and Head of Compliance at OakNorth Bank , and James Nurse , Managing Director at Fintrail . The panel discuss: what is a politically exposed person in 2023, whether political views matt