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C6 Intelligence – What is a PEP (Politically Exposed Person)? By Paul Renner
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C6 Intelligence – What is a PEP (Politically Exposed Person)? By Paul Renner

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C6 Intelligence bases the definition of a PEP (Politically Exposed Person) on the FATF version: …

C6 Intelligence bases the definition of a PEP (Politically Exposed Person) on the FATF version:

Foreign PEPs are individuals who are or have been entrusted with prominent public functions by a foreign country, for example Heads of State or of government, senior politicians, senior government, judicial or military officials, senior executives of state owned corporations, important political party officials.

Domestic PEPs are individuals who are or have been entrusted domestically with prominent public functions, for example Heads of State or of government, senior politicians, senior government, judicial or military officials, senior executives of state owned corporations, important political party officials.

In accordance with the designated risk levels, C6 Intelligence further categorises a PEP into different priority groups according to the following infographic:

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  • 1. C6 Intelligence – What is a PEP (Politically Exposed Person)? By Paul RennerC6 Intelligence bases the definition of a PEP (Politically Exposed Person) on the FATFversion:Foreign PEPs are individuals who are or have been entrusted with prominent publicfunctions by a foreign country, for example Heads of State or of government, seniorpoliticians, senior government, judicial or military officials, senior executives of stateowned corporations, important political party officials.Domestic PEPs are individuals who are or have been entrusted domestically withprominent public functions, for example Heads of State or of government, seniorpoliticians, senior government, judicial or military officials, senior executives of stateowned corporations, important political party officials.Persons who are or have been entrusted with a prominent function by an internationalorganisation refers to members of senior management, i.e. directors, deputy directorsand members of the board or equivalent functions.The definition of PEPs is not intended to cover middle ranking or more junior individualsin the foregoing categories.C6 Intelligence has set up in-house PEP Categorisation guidelines that serve as theresearch framework for its analysts to follow consistently throughout their systematicresearch and ad hoc due diligence investigations.While several categories have to be treated with discretion in certain contexts, thegeneral guidelines should cover most governance systems spanning all jurisdictions inthe world. In accordance with the designated risk levels, C6 Intelligencefurther categorises a PEP into different priority groups according to the followinginfographic:
  • 2. About C6 Intelligence Information Systems LimitedC6 Intelligence Information Systems Limited (“C6 Intelligence”, “C6”) is a leadingprovider of global intelligence information on both individuals and companies throughthe C6 Database and bespoke research projects. C6 Intelligence provides EnhancedDue Diligence (EDD), Know Your Customer (KYC), and Anti-Money Laundering (AML)checks and solutions for companies worldwide, and has a presence in the Americas,EMEA and APAC regions.Tel: +44 (0) 1256 301510Email: edd@c6-intelligence.comVita House, London StreetBasingstoke, RG21 7PGUnited KingdomWebsite: www.c6-intelligence.comPaul Renner is the co-founder of C6 Intelligence Information Systems which is useddaily by banks, financial institutions, insurance companies, and regulators to takea risk-based approach to managing fraud, money laundering and staff compliancerisks.Paul Renner is also the co-author of ”Preventing Financial Instrument Fraud – TheMoney Launderer’s Tool”, originally published by the ICC (International Chamber ofCommerce) Commercial Crime Services(CCS), now called the ICC FinancialInvestigation Bureau. The fraud models described within the publication has beenreferenced by the UK City of London Police and prosecution services, to support theircase and secure convictions against fraudsters.The following page contains articles and references to Paul Renner C6 IntelligenceSOURCE: http://paulrenner.com/C6-Intelligence/C6-Intelligence-what-is-a-PEP-Politically-Exposed-Person-By-Paul-Renner-C6.html

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