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NEWS: How and why siblings of PEPs will become PEPs in the EU; PLUS: more check powers for BO registries

PEPs: An additional burden for obliged entities in the EU will be doing enhanced vigilance on the siblings of PEPs. MEPs, representatives of the European Council and the European Commission reached a deal in January in which "the universe will expand" for PEPs. Our photo shows the "Trilogue" meeting earlier this month at the AMLA Hearings in Brussels.

By STEPHEN RAE for AML Intelligence SIBLINGS of Politically Exposed Persons (PEPs) are to become PEPs in themselves in the EU after pressure from the Portuguese government, it’s been learned. The initiative was one of the surprises of Europe’s new AML package agreed by the European Parliament and national governments last month. It will place…

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