Politically Exposed Persons (PEPs)

Politically Exposed Persons (PEPs) are individuals who hold or have held significant public roles, such as government officials, politicians, or senior executives of state-owned companies. Due to their influential positions, they may face higher risks of involvement in corruption, bribery, or other financial crimes. Financial institutions monitor PEPs closely to prevent money laundering and ensure transparency. Being classified as a PEP doesn’t imply wrongdoing but indicates the need for enhanced due diligence when dealing with their financial transactions.