Anti-Financial Crime & Financial Crime Compliance
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ANALYSIS: Politically Exposed Persons – defining who exactly they are and why a European central PEPs registry makes sense

POLITICALLY EXPOSED: Author Solene Clement says 'the creation of an official list of PEPs, in the form of a register for example, consolidated at the European level will be an excellent basis for identifying PEPs who are unambiguously so, and at no cost'

Corruption and money laundering offences are intrinsically linked as they both infringe upon the authority of the State and upon property rights.

The concept of Politically Exposed Persons, hereafter “PEPs”, first appeared almost twenty years ago, on June 20, 2003, on the occasion of the revision of the 40 Recommendations of the Financial Action Task Force (FATF).

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