Subject	Predicate	Object
CpXMWdws	a	Resource
		Answer
		Written answer
	answer has question	F752e7Hk
	answer has answering person	Abimbola Afolami
	answer text	<p>The Government has already amended the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 to distinguish between domestic and non-domestic politically exposed persons (PEPs).</p><p> </p><p>The amendment came into force on 10 January 2024 and makes clear that regulated firms must apply a lower level of enhanced due diligence to domestic PEPs and family members or close associates of domestic PEPs, compared to non-domestic PEPs, unless other risk factors are present.</p>
	answer given date	2024-05-09
	answer has answering body	HM Treasury
	written answer has answering body	HM Treasury
HM Treasury	answering body has written answer	CpXMWdws
HM Treasury	answering body has answer	CpXMWdws
F752e7Hk	question has answer	CpXMWdws
Abimbola Afolami	answering person has answer	CpXMWdws