AML & Travel Rule
Politically Exposed Person (PEP)
A natural person entrusted with prominent public functions — triggers Enhanced Due Diligence under AML rules.
Definition
A PEP is a natural person who is or has been entrusted with prominent public functions, including heads of state, senior politicians, senior judicial figures, senior military, and similar. Family members and close associates also receive PEP-status. Triggers EDD.
Regulatory citation