Charities: Banking Services
Viscount Goschen Excerpts(4 days, 19 hours ago)
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Lord Lemos (Lab)
No, I do not think that is what we are suggesting. We are suggesting that the banks must act proportionately and in a risk-based way. I think the noble Baroness knows that there are issues, not just in the Muslim community, of which charities must be vigilant, involving financial crime, money laundering and so on. We would not want to stop banks doing that, but of course we would strongly oppose any idea that that targets any specific community.
Viscount Goschen (Con)
Do charities that have a politically exposed person such as a Member of Parliament or, indeed, a Member of your Lordships’ House on the board as a trustee face additional complications in gaining banking services?
Lord Lemos (Lab)
That does not sound right to me. I do not know the answer to that question, but I will make sure my noble friend Lord Pitt-Watson writes to the noble Viscount.