E63: De-banking: What is a PEP, anyway?
Marit Rødevand is joined by OakNorth's Phil Coole and Fintrail's James Nurse
The Laundry · Lars Lunde Birkeland
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Show Notes
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 matter, and the real world consequences of not getting this right.
Producer: Matthew Dunne-Miles
Engineers: Dominic Delargy, Andrea Busco
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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.
Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.
Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.
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