PEP

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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


Other resource

Squeaky Clean, The Treasurer, 2015 student article on anti money laundering implications for corporate treasurers.