How to conduct Enhanced Due Diligence (EDD) on PEPs
Enhanced Due Diligence (EDD) is a cornerstone of compliance, especially when dealing with individuals holding significant public positions, known as Politically Exposed Persons (PEPs). These individuals are often targets for corruption and financial crime due to their elevated profiles and influence. In this article, CompFidus delves into the intricacies of conducting effective EDD on PEPs, […]
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. […]
