A Politically Exposed Person (PEP) is someone who has been entrusted with a prominent public function, such as a senior government official, high-ranking political figure, judge, military leader, or senior executive of a state-owned enterprise.
Financial institutions classify PEPs as higher risk because their position and influence may make them more susceptible to involvement in bribery, corruption, or other financial crimes. As a result, enhanced due diligence is often required when dealing with PEPs.
Being classified as a PEP does not imply wrongdoing; it simply reflects the increased risk profile due to the access and influence associated with their roles.
For more information on our approach to PEPs and compliance, please visit the Intergiro FAQs or contact our support team.