What is the appropriate compliance control for identifying politically exposed persons (PEPs) according to the Basel Com
Posted: Wed Aug 03, 2022 9:20 am
What is the appropriate compliance control for identifying politically exposed persons (PEPs) according to the Basel Committeeג€™s paper on Customer DueDiligence for Banks?
A. Determining that a local figure is a PEP
B. Reviewing when a relationship is established
C. Reviewing relationships at account opening and on a periodic basis
D. Requiring that the customer discloses that they are a PEP or an associate of a PEP
A. Determining that a local figure is a PEP
B. Reviewing when a relationship is established
C. Reviewing relationships at account opening and on a periodic basis
D. Requiring that the customer discloses that they are a PEP or an associate of a PEP