PEP

Financial institutions must assess and manage the risks posed by Politically Exposed Persons (PEPs) through robust practices and adherence to regulatory requirements.

Learn what PEP status means, its significance in financial transactions, and how financial institutions can effectively identify and manage PEP risks.

Ensure your AML compliance by understanding why 'Once a PEP, Always a PEP' is crucial for effective risk management and regulatory adherence.