20th April 2016

Politically Exposed Person (PEPs) Definitions

Key Definitions For Politically Exposed Person (PEPs)

Domestic PEPs

Foreign PEPs

International organization PEPs

PEPs by relation

Foreign vs. domestic PEPs

Government-issued PEP lists

Countries sometimes publish lists of domestic PEPs or prominent public functions. This is not required by the FATF standards, however, and such lists have potential shortcomings and might pose challenges for effective implementation.

Countries might publish two types of list: (1) a list of positions/functions that would be held by a PEP, or (2) a list of names of PEPs. In general, while inclusion on a list can confirm that a person is a PEP, not being featured on a list does not exclude the possibility that a person is a PEP.

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