Financial Intelligence

PEP (Politically Exposed Person)

A politically exposed person (PEP) is an individual who holds or has held a prominent public function — such as a head of state, senior politician, senior government, judicial or military official, or senior executive of a state-owned enterprise — together with immediate family members and close associates. PEP status is not an accusation. It signals higher exposure to bribery and corruption risk, so regulated businesses apply enhanced due diligence before and during a relationship. A name that matches a PEP list is a possible match until identity is resolved with additional attributes such as date of birth, nationality or role, and a no-match result does not clear a subject.