PEP
Politically exposed person (PEP) means a natural person who is entrusted with prominent public functions as:
a) a head of State, head of government, minister, deputy or assistant minister;
b) a member of parliament;
c) a member of the governing bodies of political parties;
d) a member of supreme courts, constitutional courts or other corresponding judicial bodies whose decisions are not eligible for review, except in exceptional cases;
e) a member of courts of auditors or of the highest decision-making bodies which audit the financial management of the State and are equivalent to national audit offices;
f) a member of the boards of directors of central banks;
g) an ambassador or chargé d’affaires;
h) an officer in the armed forces holding the rank of general or higher;
i) a member of the administrative, management or supervisory bodies of a wholly state-owned or state majority-owned enterprise or unincorporated state enterprise in a company other than a company whose securities are admitted to trading on a regulated market;
j) a director, deputy director or member of the board of an international organisation.
Family member of a politically exposed person (PEP) means:
the spouse, or any partner considered equivalent to the spouse of a PEP;
the children and their spouses, or above mentioned partners of a PEP; and
the parents of a PEP.
Associate of a politically exposed person (PEP) means:
natural persons who are known to have joint beneficial ownership of a corporate entity, trader or legal arrangement, or any other close business relations with a PEP; and natural persons who have sole beneficial ownership of a corporate entity, trader or legal arrangement which is known to have been set up for the benefit de facto of a PEP.
a) a head of State, head of government, minister, deputy or assistant minister;
b) a member of parliament;
c) a member of the governing bodies of political parties;
d) a member of supreme courts, constitutional courts or other corresponding judicial bodies whose decisions are not eligible for review, except in exceptional cases;
e) a member of courts of auditors or of the highest decision-making bodies which audit the financial management of the State and are equivalent to national audit offices;
f) a member of the boards of directors of central banks;
g) an ambassador or chargé d’affaires;
h) an officer in the armed forces holding the rank of general or higher;
i) a member of the administrative, management or supervisory bodies of a wholly state-owned or state majority-owned enterprise or unincorporated state enterprise in a company other than a company whose securities are admitted to trading on a regulated market;
j) a director, deputy director or member of the board of an international organisation.
Family member of a politically exposed person (PEP) means:
the spouse, or any partner considered equivalent to the spouse of a PEP;
the children and their spouses, or above mentioned partners of a PEP; and
the parents of a PEP.
Associate of a politically exposed person (PEP) means:
natural persons who are known to have joint beneficial ownership of a corporate entity, trader or legal arrangement, or any other close business relations with a PEP; and natural persons who have sole beneficial ownership of a corporate entity, trader or legal arrangement which is known to have been set up for the benefit de facto of a PEP.