Results 1 to 1 of 1

Thread: Once a PEP remains a PEP forever?

  1. #1

    Once a PEP remains a PEP forever?

    A PEP is an individual with a prominent public role in a government body or international organisation. 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. Immediate family members and close associates of the PEP are also PEPs.
    What happens when PEPs retire?
    In the UK they are de-PEPped after being out of power for a year, while in Guernsey and some other places, they remain a PEP forever. And because the PEP definition includes grandchildren, strictly speaking they should be considered PEPs forever too.
    In theory, money stolen or accepted in bribes by a corrupt PEP remains dirty forever – even when bequeathed to his heirs. So perhaps it makes sense to consider PEPs and the next two generations to be high risk and subject to enhanced due diligence forever.

    ️ Read our article to learn more!!
    https://www.kycbench.com/once-a-pep-...a-pep-forever/

    Join our Telegram Groups:
    https://t.me/kycbench (KYCBench Announcement)
    https://t.me/KYCBenchOFFICIAL (KYCBench Community)

    KYCbench, your reliable KYC partner
    www.kycbench.com
    GDPR & ISO/IEC 27001:2013 compliant
    Once a PEP remains a PEP forever?-kycbench-article-pep-min-png
    Attached Thumbnails Attached Thumbnails Once a PEP remains a PEP forever?-kycbench-article-pep-min-png  

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
About us
StockMarketsReview.com provides news coverage, analysis and researches for world stock markets, commodities and currencies. We publish articles provided by experts of leading brokerage and investment companies. At our website investors can find daily, weekly and monthly reports, news, recommendations on the IPOs and fundamental analysis for stocks which are currently traded at the stock exchange.