Who are PEPs?

Politically Exposed Persons (PEPs) are those individuals who are recognized with being at higher risk of money-laundering or other financial frauds that comes with them holding a higher position or being in close contact with those at higher levels or possibly in political circumstances.
They are those individuals who may be entrusted with a lot of responsibility and are thus vulnerable to malpractices such as bribery and corruption.

What are AML PEPs and Sanctions Check?

AML PEPs and Global Sanctions Screening is a process of scanning people, groups, or organizations in general against a line of sanctioned entities. It aims at identifying and conducting due diligence on Politically Exposed Persons (PEPs) to check for any Anti-Money Laundering (AML) practices beforehand.
PEPs oversee large sums of money and other important finance-related services at the higher levels of an organization. With improper handling and lack of background screening of these candidates, the organization is majorly put at risk. They are very crucial to the Know Your Customer (KYC) processes.

Why is it important to vet PEPs?

  • To prevent financial frauds and crimes
  • To protect your organization
  • To comply with Know Your Customer (KYC) standards
  • To eliminate the risks of penalty/prosecution
  • To prevent cases of money-laundering and terrorist financing

AML PEPs and Sanctions Check

Please enter details of the individual to be screened along with your payment details.