PEPs

While politically exposed persons (PEPs) may transact with banks exactly the way typical clients do, regulators around the world expect firms to manage PEPs with a higher degree of scrutiny. This article will take a closer look at: Who can […]

This new guide aims takes a comprehensive and practical look at the PEP landscape and how firms should navigate it. We also draw on insights from ComplyAdvantage’s high-performing, proprietary PEP database to explore how PEP demographics vary in major economic centers.

In July 2023, the UK government called on the Financial Conduct Authority (FCA) to review its guidance on risk management for politically exposed persons (PEPs). As a result, the regulator has outlined the key areas it will examine in its […]

On March 17, 2023, the French Ministry of Economy introduced changes to the definition of politically exposed persons (PEPs) and, consequently, has expanded the scope of AML regulations. Although these modifications appear substantial, the adjustments made by the French government […]

Accurate and reliable information is the bedrock of effective politically exposed person (PEP) risk management, as misidentifications or omissions can have severe legal and reputational consequences.  In this article, Madalina Morar, International Affairs Research Analyst at ComplyAdvantage, explains the company’s […]

Both industry regulators and the Financial Action Task Force (FATF) consider politically exposed persons (PEPs) to pose a higher risk of corruption and involvement in money laundering and/or terrorist financing. To effectively mitigate the potential risks posed by such activities, […]

The accuracy and reliability of data used in politically exposed person (PEP) screening are paramount to its effectiveness. High-quality data ensures relevant PEP profiles are identified accurately, minimizing false positives and negatives. It involves collecting comprehensive and up-to-date information from […]

The UK government has proposed new rules for banks requiring more transparency with account closures. Under the proposal, banks would be required to delay account closures by 90 days and provide a notice to customers explaining why their account is […]

Tune in as our expert panel shares key insights on identifying and screening PEPs effectively in today’s geopolitical climate.

Amid media reports that financial institutions are restricting the access of politically exposed persons (PEPs) and their associates to financial services, the UK government has ordered the Financial Conduct Authority (FCA) to review its PEPs risk management guidance.  Indeed, per […]

The State of Compliance webinar series brings together industry experts from across the compliance sector for a hands-on look at key themes and major issues.

By tailoring screening to their risk-based approach and safely whitelisting false alerts at onboarding, Holvi has cut the time they spend remediating false positives in half.