PEP: Difference between revisions
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imported>Doug Williamson (Reword example.) |
imported>Doug Williamson (Expand second sentence.) |
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Politically Exposed Person. | Politically Exposed Person. | ||
This is 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. | 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 16:34, 22 August 2017
Politically Exposed Person.
This is 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
