Issue 677 (Week ending 21/05/2025)

Identifying and managing exposure to Politically Exposed Persons (PEPs) is critical to meeting your AML obligations. Our Due Diligence service allows for flexible searching and monitoring against a wide portfolio of global data sources to deliver reports which meet the highest standard of compliance. It provides users with access to over 1.4m PEP's, 4m profiles of high-risk individuals along with 20m supporting documents across 131 jurisdictions. The data grows daily and is continually monitored.

We will quickly identify high risk individuals and corporates giving you a full background check which meets all of the current compliance guidelines and the forthcoming guidelines under the 6th EU Anti Money Laundering directive as well as the latest Financial Action Task Force (FATF) recommendations.

What Is a PEP?

A Politically Exposed Person is someone who holds, or has held, a prominent public role, such as a senior government official, judge, or high-ranking military officer. Because of their position and influence, many PEPs pose a higher risk for corruption, bribery, and money laundering.

Risk doesn't stop at the individual. Close family members and business associates of PEPs are also deemed as being a risk and therefore could be added to the PEP list. As part of the 6th EU AML Directive, the definition now includes domestic PEPs i.e. Irish residents in prominent public functions or in positions with organisations here in Ireland.

Who Counts as a PEP?

• Senior official of a major political party
• Senior executive of a government-owned commercial enterprise, or corporation
• Any individual known to be a personal or professional associate of the PEP
• Senior official in the executive, legislative, administrative, military, or judicial branch of a government
• An immediate family member of such individual, e.g. spouse, parents, siblings, children

What Makes Our PEP Screening Different?

The Vision-net AML compliance platform is the culmination of several years of research into this area. Unlike others, Vision-net publishes its coverage and sources of our globe data - to ensure our clients know they are receiving the most comprehensive solution on the market.

In addition to this Vision-net is the only PEP Screening Service in Ireland to provide daily monitoring in line with recent legal requirements and updates to ensure our clients are always receiving the most relevant and up to date result.

Ready to Strengthen Your PEP Compliance?

Simply streamline your business operations with Vision Net's new service, Ella today! Automate your PEPs, KYC, and AML checks to save valuable time and resources.

To learn more about how we can help you meet your regulatory obligations with confidence, call us on 01 903 2660 or email us at solutions.vision-net@crif.com.