Who Are Politically Exposed Persons (PEPs) and Why Are They High-Risk?
The Financial Action Task Force (FATF) defines Politically Exposed Persons (PEPs) as individuals who are or have been entrusted with prominent public functions, as well as their family members and close associates. These individuals, due to their positions of power and influence, are often associated with a heightened risk of corruption, bribery, and money laundering. […]
