Politically Exposed Persons and Your Institution – Identifying, Handling, and Banking
2020 has brought many areas of BSA/AML into the spotlight and Politically Exposed Persons (PEPs) are no different. The recent FinCEN Files unearthed examples of corruption with PEPs occurring within the industry making many financial crime fighters ask how they should be handling these high-risk customers. In this session, our experts tackle the realities of banking PEPs, the risks involved, and the steps you can take to ensure your program is prepared.
Join this session to learn:
- What the latest regulations say about PEPs and the risks they pose
- Best practices for identifying and handling Politically Exposed Persons
- How to structure your compliance program to adequately screen PEPs
This session is eligible for 1.25 credits CAFP & CRCM and 1 credit CAMS & CFCS
If you are interested in more content surrounding PEPs, be sure to check out our accompanying whitepaper “The PEP and AML Risk: Identifying a Politically Exposed Person and Mitigating Related Risks.”