What makes me a Politically Exposed Person (PEP)?
A Politically Exposed Person (PEP) is any natural person who is or who has held a high-ranking public position at an international, European, or national level.
Persons holding or who have held a public position of comparable political importance below the national level are also considered PEPs.
The individual is still considered a PEP for one year following the relinquishment of their public function.
Family members (spouses, children, and their spouses, parents) and known close associates of a PEP (e.g. business associates) are also considered to be PEPs.
The following positions qualify for PEP status (non-exhaustive):
Heads of state, heads of government, ministers, members of the European Commission, deputy ministers, and assistant ministers
Members of parliament or similar legislative organs
Members of the executive committees of political parties
Members of supreme courts, constitutional courts, or other high-level judicial bodies
Members of the boards of audit courts and boards of central banks
High-ranking diplomats
Members of the administrative, management or supervisory bodies of state-owned enterprises
Directors, deputy directors, members of the governing board or other heads of staff with a comparable function in an international or European intergovernmental organization.
See the GWG for a legal definition.