George Osborne, the Tory chancellor of David Cameron's UK government, has amended the Bank of England and Financial Services Bill to exempt the families of "Politically Exposed Persons" — Members of Parliament and other elites — from money laundering investigations.
The amendment was introduced by Tory MP Charles Walker, who refuses to publish his tax return. He compared the mandatory publication of MPs' tax returns to a law that banned curtains.
UK’s Osborne Exempts Members of Parliament, Other “Politically Exposed Persons” From Money Laundering Oversight [Yves Smith/Naked Capitalism]
