As part of their compliance with the Financial Services and Markets Act 2023 (FSMA 2023), the Financial Conduct Authority (FCA) and other regulatory bodies designated by HM Treasury are required to review how firms are applying their guidance to ensure … Read More
Politically Exposed Persons (PEPs)
Conducting PEP checks: tools and techniques
In this article, we will explore some of the tools and techniques that compliance professionals can use to carry out PEP checks. … Read More
Working with Politically Exposed Persons (PEPs)
A Politically Exposed Person (PEP) is an individual who may have been entrusted with a high-position by a community institution, an international body or state, within the last 12 months. … Read More
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