PEP checks with context, not just a checkbox
Politically exposed persons require enhanced due diligence. Cloudpliant finds PEPs, family members and close associates, with role, source and score.
What the check finds
- PEPs: (former) ministers, parliamentarians, state-enterprise executives, senior military and judges.
- RCAs: immediate family and close associates.
- Per match: role(s), period, sources and a match score with confidence level.
What the law asks
Art. 8 Wwft mandates enhanced due diligence for PEPs: establishing source of wealth and senior-management approval. Cloudpliant sets the classification to 'high' automatically and records the reasoning. The judgement stays yours.
Frequently asked questions
- Is a PEP hit grounds for refusal?
- No, a PEP can be a client, but requires enhanced due diligence and explicit acceptance. Cloudpliant's risk classification makes that decision demonstrable.
- Are UBOs checked for PEP status too?
- Yes, every recorded UBO is fully screened, and a PEP UBO raises the organisation's own classification to 'high', as art. 8 requires.
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