Podcast
Questions and Answers
Who would NOT be considered a Politically Exposed Person based on the text?
Who would NOT be considered a Politically Exposed Person based on the text?
Why is it important to include family members in the PEP definition?
Why is it important to include family members in the PEP definition?
What type of relationships are considered close associates in the PEP definition?
What type of relationships are considered close associates in the PEP definition?
How does the Financial Action Task Force recommend treating PEP status?
How does the Financial Action Task Force recommend treating PEP status?
Signup and view all the answers
What industry was Isabel dos Santos accused of trying to control using her political connections?
What industry was Isabel dos Santos accused of trying to control using her political connections?
Signup and view all the answers
What was the main focus of the Luanda Leaks investigation involving Isabel dos Santos?
What was the main focus of the Luanda Leaks investigation involving Isabel dos Santos?
Signup and view all the answers
Which of the following was NOT a consequence of the Luanda Leaks investigation?
Which of the following was NOT a consequence of the Luanda Leaks investigation?
Signup and view all the answers
What was one of the main concerns arising from the financial records of Isabel dos Santos and her family?
What was one of the main concerns arising from the financial records of Isabel dos Santos and her family?
Signup and view all the answers
What was the significance of the Luanda Leaks investigation for international companies associated with Isabel dos Santos?
What was the significance of the Luanda Leaks investigation for international companies associated with Isabel dos Santos?
Signup and view all the answers
What is a key reason why PEPs are considered at higher risk for money laundering and related crimes?
What is a key reason why PEPs are considered at higher risk for money laundering and related crimes?
Signup and view all the answers
Why does the FATF require countries to ensure measures to prevent financial system abuse by PEPs?
Why does the FATF require countries to ensure measures to prevent financial system abuse by PEPs?
Signup and view all the answers
How does denying a business relationship with a PEP without any unacceptable risk violate FATF recommendations?
How does denying a business relationship with a PEP without any unacceptable risk violate FATF recommendations?
Signup and view all the answers
Which FATF recommendations emphasize measures to prevent financial system abuse by PEPs?
Which FATF recommendations emphasize measures to prevent financial system abuse by PEPs?
Signup and view all the answers
How do PEP requirements defined by the FATF aim to address PEP-related risks?
How do PEP requirements defined by the FATF aim to address PEP-related risks?
Signup and view all the answers
What is the intent behind the FATF's preventive PEP requirements?
What is the intent behind the FATF's preventive PEP requirements?
Signup and view all the answers
