We are required by law to record whether a customer is a politically exposed person (PEP). PEPs are natural persons who hold or have held an important public office within the last 12 months, as well as an immediate family member of a PEP or a
person close to the PEP.
PEPs are:
- Heads of state and government
- Ministers and Deputy Ministers or State Secretaries
- members of parliament
- Members of supreme courts or judicial authorities
- Ambassadors, Chargé d'Affaires, Senior Officers of the Armed Forces
- Military attachés
- Members of the management, management and supervisory bodies of state-owned enterprises.
Immediate family members are:
- spouse or civil partner,
- the children and
- the parents.
Related persons are:
- any natural person who is known to be the joint beneficial owner of legal entities and legal arrangements with a PEP or who maintains other close business relationships with a PEP,
- any natural person who is the sole beneficial owner of a legal entity or legal arrangement that is known to have been actually established for the benefit of a PEP.