A PEP is a politically exposed person. This is someone who has been entrusted with prominent public functions in a country or territory. Under anti-money laundering regulations, we are required to ascertain from all users whether they are classed as a PEP.
If you are unsure how to answer, please contact email@example.com for assistance.
Examples of who might be classed as a PEP:
- Heads of state, heads of government, ministers, and deputy or assistant ministers
- Members of Parliament
- Members of courts of auditors or of the boards of central banks
- Ambassadors, chargés d’affaires and high-ranking officers in the armed forces
- Members of the administrative, management or supervisory bodies of state-owned enterprises
- Members of supreme courts, constitutional course or other high-level judicial bodies whose decisions are not generally subject to further appeal, except in exceptional circumstances
- Senior executives, including directors, deputy directors and members of the board, or equivalent of state-owned corporations
PEPs also include:
- The person’s family members
- Close business associates
- Beneficial owners of the person’s property (someone who enjoys the benefits of ownership even though the title of the property is in another person’s name)