John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

An issue has now arisen for all of those who are considered to be politically exposed persons in that when their accounts are transferred from KBC Bank or Ulster Bank, the receiving bank begins to ask all of the appropriate questions arising from the legislation. People are experiencing the fact that they are a politically exposed person and its consequences for the first time, especially politicians at local level who would not have had to go through that when they have had an account with Ulster Bank or KBC Bank. What is happening with those customers? Do I take it that when they move to another bank, in spite of having a record with either one of your banks, they then have to go through all of the processes for politically exposed persons?