Anti-Money Laundering · glossary
A politically exposed person: someone with a prominent public function, such as a minister or deputy minister. A PEP is a reason to check harder, not to refuse. The settlor, a serving deputy minister, is one. Screening Record, paragraph 2 · Chapter 5 · see Family member, Senior management approval
Explained in Chapter 5, PEPs, Sanctions Screening and Enhanced Due Diligence, of Anti-Money Laundering.
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