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#681207 - 02/06/07 08:36 PM Identifying PEPs
A D Virr Offline
Gold Star
Joined: Oct 2000
Posts: 398
Derry, NH
I have done a risk assessment on PEPs. The CSRs ask the account applicant if they have any relatives that are involved in foreign government capacity. That's all well and good procedure but we have no list to compare the account applicant against when doing our due diligence. Any suggestions?
Allan D. Virr, CRCM,CRP
Compliance Audit Solutions, LLC

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#681599 - 02/07/07 01:55 PM Re: Identifying PEPs A D Virr
Hrothgar Geiger Offline
10K Club
Hrothgar Geiger
Joined: Jun 2005
Posts: 10,395
Jersey Shore
There isn't 'a list'. We use a service, and there are a number out there; worldcheck is one, there are others.

They'll tell you if the person you're inquiring about, might be a PEP, you still have to apply some reason to determine if the finding is reasonable.

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#681620 - 02/07/07 02:17 PM Re: Identifying PEPs A D Virr
AnonRegulator Offline
Gold Star
Joined: Mar 2002
Posts: 451
Everywhere, USA
I think this thread will help. AR.

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