Are Politically Exposed Person?

A politically exposed person (PEP) as an individual who is or has been entrusted with a prominent public function. Due to their position and influence, PEPs are at higher risk to be involved in money laundering and related predicate offences, including corruption and bribery.

Who would be classed as a politically exposed person?

The definition of politically exposed person (PEP) is an individual with a high profile political role, or who has been entrusted with a prominent public function. They present a higher risk for involvement in money laundering and/or terrorist financing because of the position they hold.

Are you a politically exposed person yes or no?

According to Financial Action Task Force (FATF), a PEP is: a person who is or has been in the executive, legislative, military, administrative or judicial branch of the government. ... a senior person of any commercial organisation, business or entity owned by the government.