Britain's Financial Conduct Authority said on Monday it will ask lawmakers to report any problems they have opening or maintaining a bank account ahead of a formal investigation.
after former Brexit Party leader Nigel Farage said his account at private bank Coutts, part of NatWest, had been closed due to his political views.
Under global rules, politicians, their families and close associates are seen as potentially more susceptible to bribery and corruption given the influence they can have on decision making and transfer of funds, and therefore face tougher checks on opening and maintaining bank accounts. The FCA wants to hear some early evidence before it publishes the full terms of reference of its review in September, with a report next June.
The watchdog will initially contact lawmakers from both Houses of Parliament, chairs of parties polling more than 5%, senior civil servants and senior ranks of the armed forces.
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