Oral Answers to Questions

Debate between Tom Tugendhat and David Davis

Monday 3rd July 2023 Commons Chamber

[Mr David Davis (Haltemprice and Howden) (Con)]

Last week, Nigel Farage publicised the cancellation of his bank account under the politically exposed persons regulation, but he is only the latest of a number of people to have had their lives wrecked by that regulation. Recently, Lords in the other place tried to correct the policy, but with only partial success, because, I understand, of pushback from the Home Office and the security services. Will the Minister explain why that is and what he will do about it?

[The Minister for Security (Tom Tugendhat)]

I am delighted to be asked a question. Yesterday, the Treasury and the Home Office came together and agreed various things that were announced in the House of Lords: the PEPs agreement. Such a closure on political grounds, if that is indeed what has happened—after all, we have only the allegation of it at this point—should, therefore, be completely unacceptable. PEPs is there to prevent the corrupt use of banking facilities by politicians in corrupt regimes. It is not there to silence individuals who may hold views with which we may or may not agree.