Technology

RDC WHITEPAPER: August 2013

Politically Exposed Persons and The Risk-Based Approach

The definition and identification of Politically Exposed Persons (PEPs) and the management of the risks associated with PEP clients continues to be a major challenge for financial institutions and increasingly for corporations seeking to comply with global anti-bribery laws.  The management of PEP risk is unique in that unlike criminals or terrorists, the great majority of politically exposed persons represent little or no risk to a financial institution or commercial enterprise.

RDC WHITEPAPER: August 2013

Politically Exposed Persons and The Risk-Based Approach

The definition and identification of Politically Exposed Persons (PEPs) and the management of the risks associated with PEP clients continues to be a major challenge for financial institutions and increasingly for corporations seeking to comply with global anti-bribery laws.  The management of PEP risk is unique in that unlike criminals or terrorists, the great majority of politically exposed persons represent little or no risk to a financial institution or commercial enterprise.