The EFCC has intensified scrutiny of politically exposed persons suspected of falsely declaring assets to evade investigation ...

OK, here's a great thing. Under current banking regulations, after all the reforms of the last 20 years, there's now a category called a "politically exposed person," PEP.

While it might sound like a niche compliance issue, in reality, it sits at the intersection of financial crime prevention, political rights, trade flows and everyday access to money—and the UK, US and ...

Bank Regulators Clarify Due-Diligence Requirements for Politically Exposed Persons Five agencies said in a joint statement that the level of risk associated with politically exposed individuals varies ...

The Economic and Financial Crimes Commission on Tuesday rejected claims by the African Democratic Congress that its recent ...

In August 2017, a national daily had reported that the commission was still investigating some high-profile cases involving over 100 politically-exposed persons and top-ranking public officers.

Date 7/13/2023 9:09:19 AM Author: Áine Clancy MENAFN bank Political online ...

The review of rules on politically exposed persons, or PEPs, is part of a wider look at "debanking", a hot topic since private bank Coutts closed the accounts of Nigel Farage, who now leads the ...

For expatriate, potentially politically exposed, high-earning individuals who occasionally or regularly transfer funds abroad, these rules could become all too familiar. The Money Laundering Reporting ...

These cases highlight the challenges associated with politically exposed persons (PEPs), a term referring to individuals in prominent public roles and their close associates, as defined by a 2020 ...

Politically exposed persons are understood to be persons entrusted with prominent public functions, their immediate family members or persons known to be close associates of such persons. Public ...