PEPs in the UK – legislating for a risk-based approach

Susannah Cogman (+44 (0)20 7466 2580, susannah.cogman@hsf.com) is a partner, Anna Bradshaw (+44 20 7466 2912, anna.bradshaw@hsf.com) a senior associate, and Karam Jardeneh (+44 (0)20 7374 8000, karam.jardeneh@hsf.com) an associate at Herbert Smith Freehills.

There’s nothing like personal impact to effect change and UK parliamentarians, concerned that PEP status is starting to bear on their access to financial services, have duly changed the law to secure it. Susannah Cogman, Anna Bradshaw and Karam Jardeneh of Herbert Smith Freehills examine the measure and where it leaves the regulated sector.