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How should assets of political parties be treated?

April 26, 2017assets Parties Political treated

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How should assets of political parties be treated?

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. Political parties are not covered by the definition “Politically Exposed Person”. However, Banks should consider to apply heightened scrutiny to business relationships holding assets of foreign political parties.

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A. Political parties are not covered by the definition “Politically Exposed Person”. However, Banks should consider to apply heightened scrutiny to business relationships holding assets of foreign political parties.