Politically Exposed Person (PEP) Screening Solution
PolitiWatch is a robust screening solution that indicates Politically Exposed Persons (PEPs) among potential customers in compliance with federal regulations designed to prevent financial crime.
A PEP is an individual who is or has been entrusted with a prominent public function — like government officials, military officers, leaders of state-run agencies, judges, and so on. Their positions can be abused through bribery, corruption, and money laundering.
To prevent the risk of abuse, the intergovernmental Financial Action Task Force (FATF) recommends the use of additional preventative security measures in business relationships with PEPs.
PolitiWatch returns the risk level of a PEP, associated addresses, aliases, positions held, relationships, and more.
The risk goes beyond the public figures themselves. A PEP can also be a family member, friend, partner, associate, employee of the public figure, past or present. PolitiWatch detects those, too.