Shine A Light On Political Relationships With PEP Screening
Politically Exposed Persons are individuals connected to high-level roles in a government, either directly, through family members, or through close personal and business relationships. PEPs are considered higher risk customers because their proximity to power offers more opportunities to engage in unethical or unlawful behavior, such as nepotism, money laundering, and embezzlement.
International AML/KYC regulations for financial services, banking, and other sectors often require ongoing monitoring of PEPs. While PEP status is not an automatic dealbreaker, it may be a sign you need to implement extra AML/CFT protocols and conduct specialized due diligence. With automated workflows and advanced algorithms, VITAL4PEP offers an easier, more affordable solution for reducing reputational and financial risk while supporting smarter compliance decisions