HSBC’s Swiss Bank Said to Exit 1,000 Mideast Clients Amid Revamp
(Bloomberg) — HSBC Holdings Plc’s Swiss private bank is ending relationships with wealthy Middle Eastern clients, including many…
#NewsBeep #News #Headlines #high-riskaccounts #HSBCHoldings #Latvia #LV #politicallyexposedpersons #Swissprivatebank #wealthyMiddleEasternclients
https://www.newsbeep.com/78499/
PEP sanctions screening is a vital component of a business’s KYC and onboarding journey and presents itself as a formidable and complex aspect to manage. Delve into the blog to uncover invaluable insights.
https://sanctionsdatabase.com/pep-sanctions-screening-everything-you-need-to-know/
Beyond providing comfort to "#PoliticallyExposedPersons" and "#HighNetWorthIndividuals," TUSNs are concerned with neutralizing TANs. Activists in these transnational networks play an inside-outside game: in-country activists will recruit peers abroad to bring attention to the crimes of their local kleptocrats.
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I see the media is, perhaps purposefully, conflating political opinions or beliefs and Politically Exposed Persons.
Some of those PEPs are pushing the former in order to dilute the latter, that includes Farage, and in their 'journalism', Andrew Neil.
They want it diluted for their own purposes, which would mean lower due diligence in organisations handling their financial affairs.
An increased risk of corruption and burying money laundering.
News Beep
Sanctions Database
Cory Doctorow
Simon Lucy