Identification of Politically Exposed Persons
Identification of Politically Exposed Persons (PEPS) is vital because due to their position and influence, many PEPs are in positions that potentially can be abused for the purpose of committing money laundering offenses, corruption, bribery and terrorist financing.
As a firm, in order to comply with the requirements of monitoring for politically exposed persons (a 2001 US Patriot Act Regulation), it is important to understand what or who a politically exposed person could potentially Read More…