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Compliance Careerist

Ep34: What is Politically Exposed Person (PEP)?

19 Feb 2023

Description

In financial regulation, a politically exposed person (PEP) is one who has been entrusted with a prominent public function. A PEP generally presents a higher risk for potential involvement in bribery and corruption by virtue of their position and the influence that they may hold. The HIO is the primary person who leads the organization. For example, the HIO could be a president or CEO. By Compliance Careerist

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