Anti-Money Laundering · glossary
The written agreement of a senior person in the firm to act where a PEP or a PEP’s family stands behind the client. The firm’s policy gives it to the managing partner. Here it came with one condition: evidence of the 2021 sale before exchange. EDD and Senior Management Approval, paragraph 3 · Chapter 5 · see PEP
Explained in Chapter 5, PEPs, Sanctions Screening and Enhanced Due Diligence, of Anti-Money Laundering.
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Anti-Money Laundering and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Anti-Money Laundering → · All terms A–Z →