Batch PEP Service

Politically Exposed Persons (PEP) meaning are high-risk clients with more opportunities than ordinary nationals to gain assets through illegal means like bribe-taking and money laundering. Classifying a potential client as a PEP doesn’t mean that a corporation can’t work with them. PEP control is only part of the process that allows financial institutions to conduct a complete risk assessment, and awareness of red flags is essential in this assessment. Sometimes matching just one of these politically exposed person indicators might be linked with financial abuse.