Politically Exposed Persons – Bank Secrecy Act – Anti-Money Laundering Examination Manual

US Definition of a PEP – Politically Exposed Persons   According to the Bank Secrecy Act, Anti-Money Laundering Examination Manual, Banks should take all reasonable steps to ensure that they do not knowingly or unwittingly assist in hiding or moving the proceeds of corruption by senior foreign political figures, their families, […] Continue Reading »