PEP means politically exposed person: someone entrusted with a prominent public function, as well as certain family members or close associates depending on the rule set. PEP status is not evidence of wrongdoing; it signals higher corruption, bribery, or misuse-of-office risk that usually requires enhanced due diligence.
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Glossary term
What is PEP?
PEP means politically exposed person: someone entrusted with a prominent public function, as well as certain family members or close associates depending on the rule set. PEP status is not evidence of wrongdoing; it signals higher corruption, bribery, or misuse-of-office risk that usually requires enhanced due diligence.