A politically exposed person (PEP) is someone who holds a high-ranking public office. By their nature, these positions manage state budgets and have influence over critical decisions, which increases the risk of being involved in acts of corruption or embezzlement.
The challenge of real-time identification
Identifying a PEP is not a one-time task. In the world, changes in government and administrative appointments are constant. A client who is not a PEP today could be one tomorrow. Additionally, regulations require monitoring of family members up to the second degree of consanguinity and close associates.
How to protect yourself from this risk?
Continuous monitoring: the database must be checked daily.
Enhanced due diligence: operating with a PEP requires higher levels of approval and a deeper investigation into the source of their funds.
AgileCheck technology for PEP control
Our technological tool allows you access to PEP lists both national and international, updated continuously. Thanks to data intelligence, we reduce false positives (people with similar names), allowing for quick decisions based on accurate information.