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;
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Examples of Senior Foreign Political Figures in a sentence

  • Additionally, the Firm conducts enhanced due diligence on Clients and prospective Clients that are Senior Foreign Political Figures or Politically Exposed Persons (“PEP”) as well as the family members and/or Close Associates of Senior Foreign Political Figures and PEPs. The Firm also conducts enhanced due diligence on any prospective Client residing in, or organized or chartered under the laws of, a Financial Action Task Force (“FATF”) non-cooperative or high-risk jurisdiction.

  • 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.

  • The Firm may admit investors who are Senior Foreign Political Figures, members of a Senior Foreign Political Figure’s Immediate Family, or any Close Associates of a Senior Foreign Political Figure only after performing enhanced due diligence.

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

  • See Report to Congress Pursuant to Section 241 of the CAATSA Regarding Senior Foreign Political Figures and Oligarchs in the Russian Federation and Russian Parastatal Entities, ECF No. 13-1 [hereinafter “CAATSA Report”].

  • However, financial institutions are reminded that the bulk of PEPs are dedicated public servants and concerns over the criminal and corrupt conduct of someReminder 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.

  • Customer Account BaseIndividuals (Domestic/International), Small to Medium Size Businesses, Corporations, Senior Foreign Political Figures (PEPs), NGOs/Charities, Banks, Non-Bank Financial Entities, Professional Service Providers, Third Party Service Providers, etc.

  • FIN-2018-A003, “Advisory on Human Rights Abuses Enabled by Corrupt Senior Foreign Political Figures and Their Financial Facilitators,” June 12, 2018.

  • In announcing the CAATSA Report in a press release, Treasury made clear, twice, that the “reportis not a sanctions list,” and that inclusion does not constitute the determination that those individuals meet the criteria for sanctions, or “create any other restrictions, prohibitions, or limitations on dealings with such persons.” See U.S. Dep’t of the Treasury, Treasury Releases CAATSA Reports, Including on Senior Foreign Political Figures and Oligarchs in the Russian Federation (Jan.

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

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;

  • foreign politically exposed person means a natural person who is or has been entrusted with prominent public functions in a foreign country;

  • 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 that has qualified as a minor political party

  • Major political party also means a political party that maintains a party organization in the state, political subdivision, or precinct in question and that has presented at least 45 candidates for election to the office of state representative, 23 candidates for election to the office of state senator, four candidates for election to the office of representative in Congress, and one candidate for election to each of the following offices: governor, and lieutenant governor, attorney general, secretary of state, and state auditor, at the last preceding state general election for those offices.

  • 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;

  • Close Relatives means spouse, parents, children, brothers and sisters of the registrant.

  • 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;

  • 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, with respect to any Person who is an individual, (a) each parent, spouse (but not including a former spouse or a spouse from whom such Person is legally separated) or child (including those adopted) of such individual and (b) each trustee, solely in his or her capacity as trustee, for a trust naming only one or more of the Persons listed in sub-clause (a) as beneficiaries.