Politically Exposed Persons
A PEP generally presents a higher risk for potential involvement in bribery and corruption. Most financial institutions view such clients as potential compliance risks and perform enhanced monitoring of accounts that fall within this category.
PEP Lists include:
- Chiefs of State and Cabinet Members of Foreign Government (published by the CIA)
- Foreign Diplomatic Staffs and Spouse (prepared by the Office of Protocol)
- Foreign Consular in USA (compiled by the Department of State)