PEPs and sanctions compliance is critical for UK-regulated firms to combat financial crimes. Mandatory checks involve enhanced due diligence, monitoring, and adherence to sanctions laws. AML software streamlines compliance, ensuring accuracy and ongoing vigilance. … Read More
PEPs & Sanctions Monitoring
What is a PEP & should you work with them?
Politically Exposed Persons (PEPs) pose heightened financial crime risks due to their authority and public roles. Effective due diligence, including PEP screening, is critical for mitigating bribery, corruption, and money laundering threats. … 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
PEPs (Politically Exposed Persons) pose higher financial crime risks due to their positions. Effective PEP screening, enhanced due diligence, and compliance tools are essential to mitigate risks while enabling informed business decisions. … Read More