Ms Brenda McVeigh:

The Chairman has kind of hit on it there in a way. The new rule book is about all AML rules. Their basic premise is about taking a risk-based approach to all types of transactions.

What is also so entrenched in that framework is KYC, or "know your customer". It is not something, in terms of what the institutions are doing now, that is specifically focused on politically exposed persons. It is focused on the general anti-money-laundering rules and, unfortunately, those rules have resulted in banks and other institutions having a much lower risk appetite now for fear of any kind of money laundering activity. That is not something they are saying is necessarily just focused on politically exposed persons. It is focused on every customer of those institutions.