Published On: Thu, Feb 28th, 2019

Politically Exposed Persons in the crosshairs of money laundering legislation

PEP - Politically Exposed Person

PHILIPSBURG - The draft national ordinance that aims to regulate the fight against money laundering and terrorism financing embraces all forty recommendations of the Financial Action Task Force. One of these recommendations establishes how jurisdictions should deal with so-called PEPs. Members of the Central Committee did not address this issue on Thursday.

What is a PEP?

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