Politically Exposed Persons (PEPs)
As organizations look to protect themselves from bribery and corruption incidents, the ability to identify Politically Exposed Persons (PEPs) becomes more important. In accordance with the Wolfsberg Group’s updated guidance, a risk based approach should be applied for all PEPs, whether foreign or domestic. Effective PEP screening should consider position, entity, country and event risk when determining the appropriate controls.
PEP Connect clearly identifies level of influence risk:
- Four levels of political positions, 14 types of PEPs.
- Full identification of current and past political history.
- World’s largest collection of friends, family, and close associates, augmented with adverse media.