Summary

This programme examines the heightened risk associated with Politically Exposed Persons (PEPs) due to their potential involvement in corruption and misuse of public funds. It focuses on compliance strategies, enhanced due diligence, and identifying red flags in PEP-related transactions. Participants will engage with case studies to understand practical approaches for managing PEP risks while complying with AML regulations.

This course is one of several courses within the Certificate in Anti-Money Laundering. If you wish to achieve this award, you must complete this course along with all other mandatory courses in the associated learning plan.

Audience

Course Objectives

• Understand what constitutes a Politically Exposed Person (PEP).
• Recognise the risks associated with dealing with PEPs.
• Identify the key steps for conducting Enhanced Due Diligence (EDD) on PEPs.
• Comply with Anti-Money Laundering (AML) regulations related to PEPs.
• Implement best practices for monitoring and managing PEP relationships.

Course Structure

• Section 1: Introduction to Politically Exposed Persons (PEPs)
• Section 2: Why PEPs are Considered High-Risk Customers
• Section 3: AML and Regulatory Obligations for Managing PEPs
• Section 4: Conducting Enhanced Due Diligence (EDD) for PEPs
• Section 5: Red Flags and Indicators of Corruption or Risk
• Section 6: Best Practices for Managing PEP Relationships
• Section 7: Case Studies
• Knowledge Evaluation

Duration & CPD Hours

This course should take you between 45 and 90 minutes, depending upon your pace of learning. Additionally, this course is accredited by The CPD Certification Service and carries 1.5 CPD hours.