A Politically Exposed Person (PEP) is an individual who holds or has held a prominent public position, which may pose higher financial risks.
PEPs must complete Enhanced Customer Due Diligence (ECDD) process This process is designed to assess and mitigate additional risks associated with their status.
What is a PEP, and are there special requirements for PEPs?
Articles in this section
- Country Lists for Quick Reference
- KYB documents required for Corporate Account
- What is KYC, and why is it required?
- KYC documents required for Individual Account
- Account Verification (Corporate Account)
- Standard turnaround time for an account to be verified
- Does Sinegy accept International clients
- What is Enhanced Due Diligence (ECDD)?
- What is a PEP, and are there special requirements for PEPs?
- Are there special requirements for users from high-risk jurisdictions?
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