John McGuinness (Carlow-Kilkenny, Fianna Fail)
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The last issue I want to mention to the witnesses is the politically exposed person, PEP. The committee has just completed a report, which will be published later, on the PEPs issue. Deputies are subjected to it, as are the staff in our offices, and then on to family members and extended family members and so on. As soon as banks hear you are a public representative, it is like it is a dirty word. Suddenly, you have another 20 pages to fill out. Are all of the banks, credit unions and so on acting on what the Central Bank has asked them to do relative to PEPs? Has the Central Bank set out exactly who these people are in PEPs and what needs to be done regarding a politically exposed person?