Search results
In financial regulation, a politically exposed person (PEP) is one who has been entrusted with a prominent public function. A PEP generally presents a higher risk for potential involvement in bribery and corruption by virtue of their position and the influence they may hold.
A politically exposed person (PEP) is an individual who is or has been entrusted with a prominent function. Many PEPs hold positions that can be abused for the purpose of laundering illicit funds or other predicate offences such as corruption or bribery.
Jun 10, 2024 · A politically exposed person (PEP) is an individual with a high profile political role, or someone who has been entrusted with a prominent public function. These individuals present a higher risk of involvement in money laundering and/or terrorist financing because of the position they hold.
In basic terms, a Politically Exposed Person is someone who, through their prominent position or influence, is more susceptible to being involved in bribery or corruption.
A politically exposed person (PEP) is defined by the Financial Action Task Force (FATF) as an individual who is or has been entrusted with a prominent public function. Due to their position and
Aug 9, 2017 · Politically exposed persons can pose severe risks to businesses. Learn more about PEPs & how to mitigate the reputational & transactional risks they present.
Oct 12, 2021 · A Politically Exposed Person (PEP) is an individual who has been entrusted with a prominent public function, either domestically or internationally. Due to their position and influence, PEPs are at a higher risk of being involved in bribery, corruption, or money laundering.
