George Osborne agrees to exempt MPs from anti-money laundering checks under pressure from Tory backbencher

George Osborne has agreed to make MPs exempt from anti-money laundering checks under pressure from moaning Tory backbenchers.

Tory MP Charles Walker claimed MPs and their families were being treated like "African despots".

MPs appear on automatic watch lists of "Politically Exposed Persons" (PEP), used by banks to prevent money being funnelled into criminal gangs or hidden in offshore tax havens.

It means MPs and their families could be subject to extra checks on their bank accounts.

Ministers will now move to exclude MPs from the watch lists in the forthcoming Bank of England bill.

Mr Osborne caved under pressure from influential Tory backbencher Charles Walker, who has been pressing for the change for some months.

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Only a matter of time before someone abuses it !

Plenty of iregularities crop up, like an MP recently required to pay back an amount of expenses and magically is now employing his ex wife as office manager for a similar sum to teh expenses he was supposed to pay back....
http://www.mirror.co.uk/news/uk-news/simon-danczuk-gives-taxpayer-funded-7790949

I wonder why its seems so hard for MP's to keep on the straight and narrow .