Oireachtas Joint and Select Committees

Wednesday, 19 October 2022

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland

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

A long-standing customer of Ulster Bank, who is categorised as a politically exposed person, has to go through the process with the new bank of opening that account as the politically exposed person, regardless of how many years he or she has spent with your bank. Is that correct?

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