Politically Exposed Persons definition

Politically Exposed Persons means:

Politically Exposed Persons or ‛PEPs’ means individuals who are, or have been entrusted with prominent public functions in Bahrain or a foreign country, for example Heads of State or government, senior politicians, senior government, judicial or military officials, senior executives of state owned corporations or important political party officials or persons who are or have been entrusted with a prominent function by an international organisation. Business relationships with family members or close associates of PEPs involve reputational risks similar to PEPs themselves. The definition is not intended to cover middle-ranking or more junior officials in the foregoing categories. Bahraini PEPs would include all Ministers, all MPs, and all Ministry officials with the rank of Undersecretary or above.

Politically Exposed Persons means natural persons who are or have been entrusted with prominent public functions and immediate family members, or persons known to be close associates, of such persons;

Examples of Politically Exposed Persons in a sentence

• This involves checking bidders and key personnel against Global Watch Lists, Enhanced Due Diligence Lists and Politically Exposed Persons Lists.

• Furthermore, ACSA requires bidders to declare if they have Politically Exposed Persons (PEP) also known as Domestic Prominent Influential Persons (DPIP) in their organisation.

• Politically Exposed Persons (PEP) are defined as Individuals who are or have been entrusted with prominent public functions in a foreign country, e.g., Heads of States or of Governments, senior politicians, senior government/judicial/military officers, senior executives of state-owned corporations, important political party officials, etc.2. Country of Tax Residence and Tax ID number: Tax Regulations require us to collect information about each investor’s tax residency.

• Politically Exposed Persons (PEP) are defined as individuals who are or have been entrusted with prominent public functions in a foreign country, e.g., Heads of States or of Governments, senior politicians, senior Government / judicial/ military officers, senior executives of state owned corporations, important political party officials, etc.

• Customer declarationPEP–Politically Exposed PersonsAccording to the law on measures against money laundering and terrorist financing the fund management company is obliged to acquire knowledge of Politically Exposed Persons (PEP).

More Definitions of Politically Exposed Persons

Politically Exposed Persons or “PEPs” are the natural persons who are or have been entrusted with prominent public functions and immediate family members, or persons known to be close associates, of such persons within 18 (eighteen) months prior to the date of opening of the relevant Account or the date of a Transaction to which any such person is a party, as further defined in Applicable Laws and Regulations;

Politically Exposed Persons means natural persons who are or have been entrusted with prominent public functions and whose substantial or complex financial or business transactions may represent an enhanced money laundering risk and close family members or close associates of such persons ;

Politically Exposed Persons means natural persons who are, or were up to one year ago entrusted with prominent public functions, and their immediate family members, or persons known to be close associates of such persons. The Government shall provide further de- tails by ordinance;8

Politically Exposed Persons means a natural person who is or who has been entrusted with prominent public functions in Seychelles or in any other country (internationally), an immediate close relative of such person as well as a person known to be a close associate of such persons as further defined in the applicable laws and regulations.

Politically Exposed Persons means individuals who are or have been entrusted with prominent functions in a country, for example Heads of State or of government, senior politicians, senior government, judicial or military officials, senior executives of state owned corporations, and important party officials as well as family members or close associates of such individuals;

Politically Exposed Persons means the same as in Article 3(8) of Directive 2005/60/EC;

Politically Exposed Persons. Any natural person who is or has been entrusted with prominent public functions within one year before the implementation of customer due diligence measures. Persons entrusted with prominent public functions: - the head of state, head of government, minister and assistant minister, state secretary, in Hungary the head of state, the prime minister, the minister and the state secretary, - the member of parliament and the member of a similar legislative body, in Hungary the members of parliament and spokespersons for the nationalities, - the member of the governing body of a political party, in Hungary members and officers of the supreme body of the political party, - the member of the supreme court, the constitutional court or of other high-level judicial bodies whose decisions are not subject to further appeal, in Hungary members of the Constitutional Court, the regional courts and the Curia, - the member of the board of the court of auditors and the central bank, in Hungary the Chairman and the Deputy Chairman of the Court of Auditors, members of the Monetary Council and the Financial Stability Council, - ambassadors, chargés d’affaires and high-ranking officers of the armed forces, in Hungary the head and deputy head of the central body of law enforcement agencies, as well as the Chief of the Armed Forces of Hungary and its deputies, - the members of the administrative, management or supervisory bodies of companies under majority state ownership, in Hungary the managing director of companies under majority state ownership, the member of the managing or supervisory body of companies under majority state ownership, - the head, the deputy head, or the member of the managing body of international organisations. Close relatives of politically exposed persons shall mean the spouses, domestic partners, children, adopted children, stepchildren, xxxxxx children, as well as the spouses and domestic partners thereof, the parents, adoptive parents, stepparents, xxxxxx parents and siblings thereof. Persons known to be close associates of the politically exposed person: - any natural person known to have joint beneficial ownership of legal entities or legal arrangements, or any other close business relations, with a politically exposed person, - any natural person who has sole beneficial ownership of a legal entity or an organisation without legal personality which is known to have been set up for the de facto benefit of a politically exposed person.