The extensive sources used to create PEP Connect™ records are validated by RDC and include: media from 240 countries: extensive public source government documents; specialized political, trade, and industry journals; academy specialty publications; and biographic special interest journals.
For each country’s PEPs, RDC first researches the political hierarchy for each state and employs trained country and regional specialists to create records that capture each category of politically exposed person outlined by regulations associated with the USA PATRIOT Act, Europe’s Financial Action Task Force, the EU Third Money Laundering Directive, and any country-specific regulatory requirements.
RDC employs a proprietary category classification for PEPs in PEP Connect to allow for client filtering and risk scoring based on a PEPs position, country, and event parameters. Categories of PEPs include:
- Heads of state
- Cabinet officials
- Senior officials overseeing key infrastructure sectors
- Senior officials overseeing non-infrastructure sectors
- Municipal level officials
- Regional officials
- Senior legislative branch officials
- Ambassadors and top diplomatic officials
- Senior military officials
- Senior judicial officials
- Political party officials
- Top executives/officers in state-controlled enterprises
- Family members
- Close associates and advisors
- International Sporting Officials
The final review of records entered into PEP Connect is designed to ensure that records are of the highest possible quality in terms of their accuracy and completeness. The tools that our PEP Connect teams use to build individual PEP profiles safeguard against the most common errors - i.e., not identifying the category or level of a PEP, etc. A final level of review for quality is completed before our records are shared with our clients. Senior analysts and domain experts thoroughly review 100% of all PEP Connect records created by our regional research teams.
Data for GRID is selected on the basis of its utility to assist clients in managing money laundering, fraud, corruption, compliance, organized crime, sanctions, embargoes, and associated regulatory and reputational risks: RDC accomplishes this through comprehensive efforts to harness subject matter expertise, experience and technology into an ever-increasing archive of risk.
The sources used in this collection are selected based on their ability to identify potential PEP related risks based on regulations and recommendations such as Wolfsberg Principles, Section 312 USA PATRIOT Act, Directive (EU) 2019/1153 (Sixth EU Anti-Money Laundering Directive) and subsequent directives, and FATF Recommendations.
RDC is not the original source for any of the content in this profile, please refer to the additional links in the Entity URL and Sources section of the profile.