Politically Exposed Persons (PEPs) and sanctioned individuals, entities or nations are two critical areas of compliance for regulated firms. As part of their obligations in the prevention of money laundering, terrorist financing and other forms of financial crime, firms must … Read More
PEPs & Sanctions Monitoring
What is a PEP & should you work with them?
In the world of finance, the term “PEP” holds a significant weight. But what exactly is a Politically Exposed Person (PEP), and why should you be concerned about working with them? PEPs are high-ranking public officials who are vulnerable to … Read More
Why are PEPs high-risk, or are they not all that bad?
In the regulation of financial services, a politically exposed person (commonly known as a PEP) is one who has been appointed to a prominent public function. These individuals may have been entrusted with a high-position by a community institution, an international body or state, within the last 12 months. … Read More
PEPs & sanctions monitoring brochure
NorthRow’s PEPs & sanctions monitoring provides outstanding efficiency and delivers regulatory compliance. … Read More
What Are the 7 Biggest Mistakes Firms Are Making When it Comes to PEPs & Sanctions?
There is still a great deal of confusion surrounding the client due diligence process.One area that causes the greatest confusion relates to the 4MLD approach to Politically Exposed Persons (PEPs) and Sanctions checks on individuals and entities. The following represent 7 main misconceptions relating to PEPS and Sanctions Compliance. … Read More
Politically Exposed Person (PEP) | Low vs. high-risk
NorthRow has a ‘PEP Tiering Guidance’ system that can serve as a framework for its to follow due diligence investigations. In accordance with a risk-based approach, the categories are divided into 4 different priority levels please see below the diagram. … Read More