Senior Foreign Political Figures definition

Senior Foreign Political Figures. /”Politically Exposed Persons” means a senior official in the executive, legislative, administrative, military or judicial branches of a foreign government (whether elected or not), a senior official of a major foreign political party, or a senior executive of a foreign government-owned corporation. In addition, a senior foreign political figure/politically exposed person includes any corporation, business or other entity that has been formed by, or for the benefit of, a senior foreign political figure/politically exposed person. The immediate family of a senior foreign political figure/politically exposed person typically includes the political figure’s parents, siblings, spouse, children and in-laws. A close associate of a senior foreign political figure/politically exposed person is a person who is widely and publicly known internationally to maintain an unusually close relationship with the senior political figure/politically exposed person, and includes a person who is in a position to conduct substantial domestic and international financial transactions on behalf of the senior foreign political figure/politically exposed person.
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Senior Foreign Political Figures means a senior official in the executive, legislative, administrative, military or judicial branches of a foreign government (whether elected or not), a senior official of a major foreign political party, or a senior executive of a foreign government-owned corporation. In addition, a senior foreign political figure includes any corporation, business or other entity that has been formed by, or for the benefit of, a senior foreign political figure. The immediate family of a senior foreign political figure typically includes the political figure’s parents, siblings, spouse, children and in-laws. A close associate of a senior foreign political figure is a person who is widely and publicly known internationally to maintain an unusually close relationship with the senior political figure, and includes a person who is in a position to conduct substantial domestic and international financial transactions on behalf of the senior foreign political figure.
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Senior Foreign Political Figures means a senior official in the executive, legislative, administrative, military or judicial branches of a foreign government (whether elected or not), a senior official of a major foreign political party, or a senior executive of a foreign government- owned corporation. In addition, a senior foreign political figure includes any corporation, business or other entity that has been formed by, or for the benefit of, a senior foreign political figure. The immediate family of a senior foreign political figure typically includes the political figure’s parents, siblings, spouse, children and in-laws. A close associate of a senior foreign political figure is a person who is widely and publicly known internationally to maintain an unusually close relationship with the senior political figure, and includes a person who is in a position to conduct substantial domestic and international financial transactions on behalf of the senior foreign political figure;
Sample 1

Examples of Senior Foreign Political Figures in a sentence

  • The Board of Directors has reviewed and approved the financial statements.

  • U.S. Department of the Treasury, “Treasury Releases CAATSA Reports, Including on Senior Foreign Political Figures and Oligarchs in the Russian Federation,” Press release, January 29, 2018, available at https://home.treasury.gov/news/press-releases/sm0271.

  • SAR Filings on Senior Foreign Political Figures and Foreign CorruptionBy FinCEN’s Office of Outreach Resources This article focuses on the subset of filings whose narratives contained the term “senior foreign political figure” or “foreign corruption.” Because these terms appeared ina relatively small number of filings, analysts were able to examine every SAR that contained either term.

  • See Dep’t of Treasury, Report to Congress Pursuant to Section 241 of the Countering America’s Adversaries Through Sanctions Act of 2017 Regarding Senior Foreign Political Figures and Oligarchs in the Russian Federation and Russian Parastatal Entities (Jan.

  • However, financial institutions are reminded that the bulk of PEPs are dedicated public servants and concerns over the criminal and corrupt conduct of some Reminder of Regulatory Obligations for U.S. FinancialInstitutions Regarding Senior Foreign Political Figures and Suspicious Activity Reporting should not be used as the basis to engage in wholesale or indiscriminate de-risking of any class of customers or financial institutions.

  • This score was considered to have had a pivotal influence on life developments after high school and was sometimes described like a medical diagnosis rather than as an exam result.

  • The Company does not permit the opening of Private Banking Accounts for Senior Foreign Political Figures.

  • FinCEN, Advisory on Human Rights Abuses Enabled by Corrupt Senior Foreign Political Figures and their Financial Facilitators, FIN-2018-A003 (June 12, 2018), available here.

  • U.S. Department of the Treasury, “Treasury Releases CAATSA Reports, Including on Senior Foreign Political Figures and Oligarchs in the Russian Federation,” press release, January 29, 2018.

  • Specific due diligence requirements relating to certain account types, such as Private Banking Accounts for non-U.S. persons, including Senior Foreign Political Figures, and Correspondent Accounts for certain foreign financial institutions, are described below, if applicable.

Related to Senior Foreign Political Figures

  • senior foreign political figure is defined as a senior official in the executive, legislative, administrative, military or judicial branches of a foreign government (whether elected or not), a senior official of a major foreign political party, or a senior executive of a foreign government-owned corporation. In addition, a “senior foreign political figure” includes any corporation, business or other entity that has been formed by, or for the benefit of, a senior foreign political figure.

  • Close Associate of a Senior Foreign Political Figure means a person who is widely and publicly known internationally to maintain an unusually close relationship with the Senior Foreign Political Figure, and includes a person who is in a position to conduct substantial domestic and international financial transactions on behalf of the Senior Foreign Political Figure;

  • Public figure means a person of prominence who performs services at discrete events, such as speeches, public appearances, or similar events, for wages or other remuneration on a per-event basis.

  • Minor political party means a political party qualified to have its name listed on the general election ballot but that does not qualify as a major political party.

  • Major political party means either of the two registered political parties that

  • Siblings means brothers or sisters. They are defined as children with at least one natural or adoptive parent in common, living at the same or a different address. Children living permanently in the same household at the same address would also be counted as siblings, regardless of their actual relationship to each other. To qualify as a sibling a child must be on the roll of the school in question at the date of application, allocation and admission.

  • close associate means a natural person who is closely connected to a politically exposed person, either socially or professionally;

  • Competitors means any Person who is not an Affiliate of a Loan Party and who engages (or whose Affiliate engages), as its primary business, in the same or similar business as a material business of the Loan Parties.

  • Indirect Political Event shall have the meaning set forth in Clause 21.3;

  • Local political subdivision means a county, municipal corporation, township, conservancy district, soil and water conservation district, joint recreation district, park district, or other similar park authority.

  • OFAC Lists means, collectively, the Specially Designated Nationals and Blocked Persons List maintained by OFAC pursuant to Executive Order No. 13224, 66 Fed. Reg. 49079 (Sept. 25, 2001) and/or any other list of terrorists or other restricted Persons maintained pursuant to any of the rules and regulations of OFAC or pursuant to any other applicable Executive Orders.

  • critical functions means activities, services or operations the discontinuance of which is likely in one or more Member States, to lead to the disruption of services that are essential to the real economy or to disrupt financial stability due to the size, market share, external and internal interconnectedness, complexity or cross-border activities of an institution or group, with particular regard to the substitutability of those activities, services or operations;

  • Specially Designated Nationals and Blocked Persons list maintained by the Office of Foreign Assets Control of the United States Department of the Treasury found at: xxxxx://xxx.xxxxxxxx.xxx/ofac/downloads/sdnlist.pdf;

  • Political fundraising committee means a "political fundraising committee" as defined in MCC Ch. 2-156, as amended.

  • Sibling means each of two (2) or more children having a parent in common by blood, adoption, marriage, or foster care.

  • Ethnic Group means a group of people who identify with each other through a common heritage including language, culture, and often a shared or common religion and or ideology that stresses ancestry.

  • Registered political party means an organization of voters that:

  • domestic politically exposed person means a natural person who is or has been entrusted domestically with prominent public functions;

  • local firm means a firm dealing for its own account on markets in financial futures or options or other derivatives and on cash markets for the sole purpose of hedging positions on derivatives markets, or dealing for the accounts of other members of those markets and being guaranteed by clearing members of the same markets, where responsibility for ensuring the performance of contracts entered into by such a firm is assumed by clearing members of the same markets;

  • Continuing political committee means a political committee

  • OFAC SDN List means the list of the Specially Designated Nationals and Blocked Persons maintained by OFAC.

  • polygamous marriage means any marriage to which paragraph 5 applies;

  • Non-Political Event shall have the meaning set forth in Clause 21.2;

  • Abused child means a child who has been subjected to abuse.

  • Member of the Immediate Family means spouse, parent or stepparent, child or stepchild, brother or sister, stepbrother or stepsister, brother-in- law or sister-in-law, mother-in-law or father-in-law, or son-in-law or daughter-in-law.

  • Political party means an organization of registered voters that has qualified to