PEP

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Revision as of 09:36, 11 December 2015 by imported>Doug Williamson (Expand to other officials.)
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Politically Exposed Person.

An aspect of 'known your customer' principles, requiring financial intermediaries and others engaged in financial transactions to rigorously check their customers’ identities.

An example of a 'politically exposed person' would be a government official or other official, particularly one from a more corrupt jurisdiction.


See also


Other resources

Squeaky Clean, The Treasurer, 2015