this post was submitted on 26 Jul 2023
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UK Politics

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Many MP fall foul of ‘politically exposed persons’ bank rules, says Chris Philp (www.theguardian.com)
submitted 1 year ago by Emperor to c/uk_politics
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“It is not spoken about much but if you look at almost any member of parliament they will have had an experience like this, I think the Nigel Farage case is an extreme one, but I’m afraid it’s not unique,” Philp told Sky News on Wednesday.

Asked if he had faced difficulties accessing financial services, Philp said his family had, but declined to go into detail.

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[–] Syldon 1 points 1 year ago

All industries have rules they have to follow. My point was that when they grow above a certain size that things get hidden, which leads to incompetence. It is a flaw in a capitalist system that no one wants to be known for that big mistake that cost the company money.