by AdrianaAMLP | Mar 25, 2024
Banque Audi (Suisse) SA belongs to a large Lebanese banking group that FINMA reviewed during an on-site inspection in 2021. Money laundering risks emanating from client relationships with politically exposed persons from several countries were identified.
by Jyotsna Bucktowar | Dec 16, 2023
Regulated firms are now required to treat domestic PEPs, their family members, or known close associates as inherently lower risk than non-domestic PEPs, They have to apply a lower level of enhanced due diligence unless other risk factors are present…
by Jyotsna Bucktowar | Dec 8, 2023
The report confirms that decision-making was consistent with relevant standards and otherwise appropriate and that there was no evidence of discrimination due to political views or affiliations, or any other protected characteristic…
by AdrianaAMLP | Dec 5, 2023
Covers 78 cases across 33 African countries which implicate politically exposed persons in siphoning off proceeds of corruption abroad or parking their wealth offshore.
by Jyotsna Bucktowar | Sep 14, 2023
New research released today by Moody’s Analytics has highlighted low awareness around the world about Politically Exposed Persons (PEPs) and the risks they can be connected to. The global survey polled more than 7,500 members of the general public across Europe,...
Recent Comments