Identifying Individuals with PEP Status

The European Union has recently released a handbook aimed at identifying individuals with PEP status.

Remaining abreast of the latest regulatory publications is essential for compliance professionals, particularly in combatting money laundering and financial crimes. The European Union’s recent publication provides a comprehensive list of prominent public positions within member states and EU institutions.

This handbook serves as a vital tool for PEP identification within the EU. It meticulously outlines various public positions, a pivotal aspect of PEP management. Understanding the individuals occupying these roles facilitates the monitoring of transactions and activities that may pose heightened risks of money laundering, sanctions circumvention, and other financial offenses.

Key highlights of the handbook include:

• Detailed compilations of public positions across EU member states.
• Insight into public roles within EU institutions.
• Clarifications regarding the definition of “Public Figure” in diverse contexts.

You can find the handbook via this link.

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