The EFCC has intensified scrutiny of politically exposed persons suspected of falsely declaring assets to evade investigation ...

As firms deal with more and more individuals linked to foreign governments, identifying high-risk PEPs is becoming more of a ...

The Financial Conduct Authority (FCA) has today set out issues it will consider as part of a review of the treatment of domestic Politically Exposed Persons (PEPs) by financial services firms The ...

The UK Financial Conduct Authority (FCA) launched in September a review of the treatment of domestic politically exposed persons (PEPs) by UK-regulated financial services firms. This review will look ...

The law says that a “politically exposed person” is an individual “who is, or has at any time in the preceding 12 months, been entrusted with a prominent public function”. ‘Due diligence’ ...

SDT also orders solicitor pay £50,000 costs and imposes practice restrictions following unintentional failings.

The Economic and Financial Crimes Commission (EFCC) on Tuesday dismissed allegations by the African Democratic Congress (ADC) ...

British politicians are to be asked to reveal whether they have encountered any problems accessing bank accounts or faced being "debanked", as part of an inquiry by the UK's financial watchdog.

Many financial institutions rely on multiple, disconnected technology platforms to manage KYC activities, from data ...

No applicant has been refused for being politically exposed. This is defined as someone entrusted with a prominent public function. People in this category are regarded as an extra risk as they ...

The court approved the defence's request to ban the publication of the accused man’s name on the basis that he is a politically exposed person, and the incident could have a serious impact on ...