Politically Exposed Person (PEP)

Foreign PEPs

Individuals who are or have been entrusted with prominent public functions by a foreign country, for example Heads of State or of government, senior politicians, senior government, judicial or military officials, senior executives of state owned corporations, important political party officials.

Domestic PEPs

Individuals who are or have been entrusted domestically with prominent public functions, for example Heads of State or of government, senior politicians, senior government, judicial or military officials, senior executives of state owned corporations, important political party officials, senior executives of state owned  corporations, important political party officials

International Organisation PEPs

Persons who are or have been entrusted with a prominent function by an international organisation, refers to members of senior management or individuals who have been entrusted with equivalent functions, i.e. directors, deputy directors and members of the board or equivalent functions.

Family members

Individuals who are related to a PEP.  This can be either directly (consanguinity) or through marriage or similar (civil) forms of partnership.

Close associates

Individuals who are closely connected to a PEP, either socially or professionally 

PEP definitions as per FATF Guidance, Politically Exposed Persons (Recommendations 12 and 22)