PEP: Difference between revisions
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An aspect of 'know your customer' principles, requiring financial intermediaries and others engaged in financial transactions to rigorously check their customers’ identities. | An aspect of 'know your customer' principles, requiring financial intermediaries and others engaged in financial transactions to rigorously check their customers’ identities. | ||
For example, a 'politically exposed person' could be a government official or other official, particularly if working for a known corrupt jurisdiction. | |||
Revision as of 13:45, 22 August 2017
Politically Exposed Person.
An aspect of 'know your customer' principles, requiring financial intermediaries and others engaged in financial transactions to rigorously check their customers’ identities.
For example, a 'politically exposed person' could be a government official or other official, particularly if working for a known corrupt jurisdiction.
See also
