Politically Exposed Persons (PEPs) - Exposing the Facts
Speakers: Crispus Larche and Julius Sasvari
About this talk
According to Anti-Money Laundering (AML) and Anti-Corruption regulations, financial institutions must take reasonable measures to determine whether an individual is a Politically Exposed Person (PEP). By placing PEPs into a higher risk model for Enhanced Due Diligence, organizations can protect themselves from being used by money launderers and other harmful activities. At the same time, not all PEPs present the same level of risk. This will vary depending on numerous factors (including the PEP's country of jurisdiction, industry or sector).
•How regulations are changing – both domestic and foreign
•Factors contributing to PEP risk – which PEPs may be riskier than others
•Best practices for optimizing screening and monitoring – including cost-savings and efficiencies