Politically Exposed Person (PEP) List
Politically exposed persons (PEPs), due to their positions of power and influence, may become targets for corruption, bribery, money laundering, and terrorism financing activities. To address these potential risks, Anti-Money Laundering/Counter-Terrorism Financing measures should be employed to identify, reduce, and manage these risks. It’s crucial to keep in mind, however, that being a PEP does not necessarily indicate criminal involvement.
Starting at $ 0.10 / lead
Last Updated March 2023
Sample of Politically Exposed Persons List
Who is a Politically Exposed Person?
A Politically Exposed Person (PEP) is an individual who holds or has held a prominent public position, such as a high-level government official, senior executive of a state-owned company, or a political figure. To mitigate this risk, it is advisable to conduct thorough due diligence and check them against a PEP list before engaging with them as customers or suppliers, either as an individual or through an organization. This will help to uncover any potential financial crimes they may be associated with and prevent future issues.
PEPs are considered to pose a higher risk for potential involvement in corruption, bribery, money laundering, and other financial crimes, due to their positions of power and influence.
According to the Financial Action Task Force (FATF)– a global watchdog for money laundering & other financial crimes, there are three categories of Politically Exposed Persons (PEPs):
1. Domestic PEPs – individuals who hold prominent public positions within a territory.
2. Foreign PEPs – individuals who hold prominent public positions in a government outside a dominion, including those who are working or residing internationally.
3. International Organization PEPs – individuals who hold prominent public positions within international organizations, such as the United Nations (UN), the World Trade Organization (WTO), or the North Atlantic Treaty Organization (NATO).
Disclaimer for the Sample Datasets- Please note that the above-shared dataset is displayed for representative purpose. The purchased dataset will contain variable fields subject to availability.
WE GUARANTEE 98% ACCURACY WITH TOP-QUALITY DATA.
How can a Politically Exposed Person (PEP) pose a risk?
Entering into a business relationship with a politically exposed person (PEP) carries a higher level of risk. These individuals are defined as those who have held or currently hold significant public positions.
According to the FATF, given the position a PEP holds, they can present a higher risk of involvement in money laundering and/or terrorist financing. Particularly high-risk PEPs include heads of state and government, MPs, heads of military and high-ranking officials of public parties.
Therefore, financial institutions and other organizations may adopt PEP screening and enhanced due diligence procedures to identify and manage the risks posed by PEPs.
A PEP may pose a threat to financial institutions and other organizations for several reasons:
Corruption
PEPs may have access to large amounts of public funds and resources, which makes them more vulnerable to corruption.... They may use their power and influence to engage in illegal activities, such as bribery, embezzlement, and money laundering. Read More
Reputation Risk
Associating with a PEP who is later implicated in corruption or other illegal activities can have serious consequences... for an organization’s reputation. Read More
Compliance Risk
Organizations may face regulatory penalties if they do not implement adequate due diligence measures to identify... and manage the risks associated with doing business with PEPs. Read More
What is Politically Exposed Persons (PEPs) Screening?
PEP screening is a process used by financial institutions and other organizations to identify Politically Exposed Persons (PEPs) and assess the potential risks associated with conducting business with them. PEPs are individuals who hold prominent public positions or have connections to powerful or influential people, and they are often subject to higher scrutiny due to the potential for corruption or abuse of power.
The screening process typically involves checking individuals and entities against global sanctions lists, official government databases, and other reputable sources of PEP information. This helps to ensure that the individuals or entities are not subject to any sanctions or legal restrictions and that they do not pose a significant risk to the organization.
With our Politically Exposed Person List, you will receive the following data fields(*Subject to availability):
*First Name
*Passport Number
*Last Name
*Citizenship
*Date of Birth
*Date of Proscription
*Address
*Reason for listing
WHAT WE OFFER HERE?
At BizProspex we provide you with extensive details of individuals who have undergone PEP screening and are listed on the international sanctions list. For a better understanding, we share a free sample to get an insight of our project scope!
BizProspex- The experts on B2B Data Services!
Disclaimer for the Sample Datasets- Please note that the above-shared dataset is displayed for representative purpose. The purchased dataset will contain variable fields subject to availability.
Why is it important to have access to a Politically Exposed Person list?
The email list of PEPs helps organizations to identify and manage the potential risks associated with doing business with these individuals, and to fulfill their regulatory obligations. To meet AML compliance standards, it’s necessary to conduct thorough background screenings and check your customers’ information against various Politically Exposed Persons email lists. With thousands of PEP email lists in circulation, manual checks can be extremely time-consuming and may result in inaccuracies.
For Banks & Other Financial Institutions:
A PEP list helps banks and other financial institutions by providing them with a tool to identify individuals... who may pose a higher risk for financial crimes. By screening their customers against the PEP list, banks can take extra precautions to ensure that they are not inadvertently facilitating illicit activities such as corruption, bribery, or terrorist financing. Read More
For the Betting Industry:
The PEP list can be a valuable tool for the betting industry to help prevent financial crimes, comply with regulatory... requirements, and protect the integrity of the sports they offer. By using PEP lists, the betting industry can conduct enhanced due diligence on customers who are PEPs or are associated with PEPs. This can involve additional background checks and monitoring of transactions to ensure that they are not being used for illicit purposes. Read More
For Payment & Insurance Companies:
In addition, the PEP list can also help payment companies comply with regulatory requirements, such as anti-money laundering... (AML) and counter-terrorist financing (CTF) regulations. Whereas for insurance companies, by screening their customers against the PEP list, they can ensure that they are not providing coverage to high-risk individuals or entities that may be involved in such activities. Read More
For the Legal Industry:
The PEP list can also help law firms comply with regulatory requirements, such as AML and CTF regulations. They use the PEP... list to screen their clients to identify any high-risk individuals or entities that may be involved in financial crimes or other illegal activities. By doing so, they can avoid potential reputational damage or legal liabilities that could result from being associated with such individuals or entities. Read More
For Investment & Crypto Companies:
Investment companies, such as asset management firms and private equity firms, may use the PEP list to screen potential... investors and clients to identify any high-risk individuals or entities that may pose a threat to the integrity of their business. Similarly, for crypto companies by screening out potential PEP risk individuals they can ensure that their platform is not being used for illegal activities and avoid regulatory penalties. Read More
For Real Estate Industry:
In the real estate industry, knowing whether a potential client is on the PEP list can help real estate professionals identify... any potential risks associated with the transaction. For example, if a real estate agent is working with a PEP who has been flagged as a high-risk individual, the agent may want to take additional steps to verify the source of the PEP’s funds and ensure that the transaction is legitimate. Read More
Similar Database
Country Wise Sanctions List
| UK Sanctions List | Iran Sanctions List | UN Sanctions List |
| EU Sanctions List | Russia Sanctions List | US Sanctions List |
| Japan Sanctions List | OFAC Sanctions List | Venezuela Sanctions List |
| HMRC Sanctions List | SDN Sanctions List | UNSC Sanctions List |
| Syria Sanctions List | Israel Sanctions List | Ukraine Sanctions List |
Why Choose BizProspex?
Businesses are required to perform customer screenings against sanctions, So, choosing the right Politically Exposed Persons information provider is crucial for ensuring compliance with anti-money laundering (AML) regulations, reducing the risk of financial crimes, and protecting your business reputation.
BizProspex, the leading PEP database provider offers a scalable solution from a database listing all the individuals who are facing the sanctions radar for financial crimes all around the world. Its innovative approach continuously monitors the entire portfolio of entities within an organization’s supply chain in real-time, uncovering previously hidden connections and warning signs that may be missed by overburdened teams of analysts. This provides a complete picture of all available intelligence for risk analysis and decision-making.
With BizProspex, you can be confident that you are making an informed decision that will help you identify and manage the risks associated with doing business with a Politically Exposed Person. Our email list will enable you to comply with regulatory requirements and enhance your goodwill in the market.
Here are a few reasons why our Politically Exposed Persons email list is a wise choice:
Comprehensive Coverage
Our PEP email list covers individuals who are or have been in positions of political power,... such as heads of state, government officials, and senior members of the military. This helps you to identify PEPs and assess the risks associated with doing business with them. Read More
Regular Updates
The political landscape is constantly changing, and our PEP email list is updated regularly to ensure... that you have access to the latest information. Read More
Accurate Information
We understand the importance of accurate information and take great care to ensure that our PEP... email list is accurate and up-to-date. Our team of experts regularly reviews and verifies the information to provide you with reliable and trustworthy data. Read More
Cost-Effective
With being the best PEP list solution provider in the business, our PEP email list is cost-effective and offers... great value for money. We offer competitive pricing and flexible subscription options, so you can choose the plan that best suits your needs. Read More
Experience that defines BizProspex
BizProspex is a data solutions company that has been in the industry for 13 years and is still going strong. Over these years, BizProspex has worked with a wide range of clients from various industries including healthcare, finance, retail, and technology. The company has helped these clients to achieve their data-related goals and improve their business outcomes.
We specialize in providing AML & PEP sanction list services to our B2B clients, helping them to effectively manage risk and ensure compliance with regulations. Our experience in handling these services has allowed us to become global leaders in the data industry. With BizProspex, our clients can feel confident that they’re receiving the best possible service to achieve their compliance goals.
What do our experts have to say?
Our experts at BizProspex are skilled at curating AML & Global Sanctions Database for our B2B clients. Our data solutions company has a team of data experts who provide accurate and reliable data solutions to their clients using their knowledge and experience. We offer services such as data mining, data cleansing, data appending, data verification, and data enrichment.
Our goal is to provide high-quality data solutions that are accurate and reliable for their clients. With our AML & PEP sanction list services, we help our B2B clients to effectively manage risk and ensure compliance with regulations.
FAQ’s
Who is a Politically Exposed Person?
A PEP is an individual who holds a prominent public position or a position of authority, which exposes them to a higher risk of corruption or financial crime.
What are the criteria for being included in a PEP list?
The criteria for being included in a PEP list vary depending on the organization that maintains the list. In general, individuals who hold high-level public positions or positions of authority, such as government officials, heads of state, and members of the military or judiciary, are considered to be politically exposed.
Does a PEP become a red flag for money laundering?
A PEP status is considered a red flag for potential money laundering or terrorist financing activities. Due to their position and access to resources, PEPs are considered higher-risk individuals for financial crimes such as money laundering.
What are level 3 PEPs?
They are also known as medium-risk PEPs. They generally involve senior management at businesses owned by the government. Board of directors of a state organization.
When were your data lists last updated?
Our data is promptly checked and updated on a weekly basis to ensure the accuracy and reliability of our data and that our clients receive the freshest data available in the market.
Is your accuracy guaranteed?
All of the records we sell have a 98% accuracy guarantee. If you encounter a lower accuracy rate, you can contact our customer relations staff and we will provide you with new data for free to make up the difference. We call it our Bounce-Back Guarantee.
Where can I find the PEP list?
The PEP list is maintained by various companies that provide risk management services and compliance solutions to financial institutions, government agencies, and other organizations. BizProspex maintains its own database of PEPs and other high-risk individuals and entities and provides access to this database to our customers.
Who maintains Politically Exposed Persons search lists?
PEP lists are maintained by various organizations, including governments, financial institutions, and other entities that are required to comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
What are the consequences of being on a PEP list?
Being on a PEP list can result in increased scrutiny from financial institutions and other organizations that are required to comply with AML and CTF regulations. This can make it more difficult for individuals on the list to conduct financial transactions and access financial services.
How long is an individual tagged as a PEP?
The duration of Politically Exposed Person (PEP) status varies depending on the specific jurisdiction and regulations. In general, PEP status is typically assigned based on an individual’s current or past position of public prominence, such as a government official or high-ranking executive.
How long does it take to get my database list after I order it?
Once the order is placed, we immediately scrape fresh data for you which takes within 24 hours before it is made available for you.
Is your data downloadable in Excel files?
Yes, our data is available to download in Excel files, .cvs files, and .txt files.
Why Trust BizProspex?
There are a few of many reasons that companies of all sizes trust BizProspex to build databases for their campaigns. The quality of the data changes campaign outcomes. That is why customers trust BizProspex, the best-reviewed data solutions company.
“We have been using the AML sanctions list database from BizProspex for sometime now. The database is regularly updated and provides comprehensive information on sanctioned individuals and entities.”
“BizProspex’s PEP list services have been instrumental in helping us meet our compliance requirements. The platform is user-friendly and the data is accurate and up-to-date.”
“We chose BizProspex because of their affordable pricing and ideal interface. We have been really amazed by the quality of the database, and it has helped us avoid engaging with high-risk clients.”
“BizProspex’s Global sanctions list services have been a valuable addition to our compliance efforts. This service has become an essential part of our compliance efforts, and we highly recommend it.”
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