Politically Exposed Persons

Politically exposed persons (PEPs), sometimes referred to as senior foreign political figures, are considered to be past or present high-ranking or senior-level individuals in the executive, legislative, administrative, military, and judicial branches of a foreign government who are currently or formerly entrusted with high-level public duties and responsibilities. [Page 324]Such persons may be heads of state, senior politicians, heads of political parties, high-level government officials, senior judicial officials, military officials, senior executives of state-owned or state-affiliated enterprises and corporations, and members of their family and close business associates. Politically exposed persons, by virtue of their official title, the position of their office, prominence, sphere of influence, and access to funds and finances, may be considered high-risk to themselves, their affiliate organizations, their government, and the ...