The PEP and AML Risk: Identifying a Politically Exposed Person and Mitigating Related Risks

Politically Exposed Persons (PEP) are a major consideration for BSA/AML professionals and are often a topic the industry struggles with. When it comes to PEPs, compliance professionals often ask how to identify, what to do after identifying, and whether the bank or credit union should offer them banking services. This whitepaper is designed to assist with these questions and to help financial institutions feel comfortable handling Politically Exposed Persons.

Download the whitepaper to learn:

  • What the latest regulations say about PEPs and the risks they pose
  • What makes someone a PEP and how to identify them
  • How to structure your compliance program to adequately screen PEPs

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