Many MP fall foul of ‘politically exposed persons’ bank rules, says Chris Philp

Policing minister says case of private bank Coutts closing Nigel Farage’s account is ‘not unique’

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Many MPs or their families have been turned down by banks because of “politically exposed persons” (PEP) rules, the policing minister, Chris Philp, has said

Philp was speaking in the wake of a row over the closure of Nigel Farage’s bank account with the private bank Coutts, a subsidiary of NatWest.