Podcast
Questions and Answers
What is the purpose of including family members in the definition of a PEP?
What is the purpose of including family members in the definition of a PEP?
- To exclude potential money laundering risks
- To emphasize the importance of having influential family members
- To highlight potential risks associated with close family ties (correct)
- To track the financial transactions of multiple family members
Based on the text, what may classify a person as a PEP in some countries?
Based on the text, what may classify a person as a PEP in some countries?
- Being an executive board member of a political party (correct)
- Being involved in international investigations
- Having significant business interests in multiple industries
- Owning a substantial amount of shares in a central bank
Why is the determination of when someone stops being a PEP not clearly defined?
Why is the determination of when someone stops being a PEP not clearly defined?
- It follows a specific time limit
- It is determined by the person's legal status
- It is based on a risk-based approach (correct)
- It varies based on the individual's political influence
In the Luanda Leaks investigation, what was Isabel dos Santos specifically accused of?
In the Luanda Leaks investigation, what was Isabel dos Santos specifically accused of?
What impact did the Luanda Leaks revelations have on dos Santos and her family?
What impact did the Luanda Leaks revelations have on dos Santos and her family?
According to the provided text, which relationship is NOT considered in the context of individuals associated with a PEP?
According to the provided text, which relationship is NOT considered in the context of individuals associated with a PEP?
What effect did the Luanda Leaks scandal have on the discussion surrounding accountability and transparency?
What effect did the Luanda Leaks scandal have on the discussion surrounding accountability and transparency?
What industries were mentioned as ones that Isabel dos Santos gained control of in the Luanda Leaks investigation?
What industries were mentioned as ones that Isabel dos Santos gained control of in the Luanda Leaks investigation?
What does PEP stand for in the financial context?
What does PEP stand for in the financial context?
According to FATF, a Political Exposed Person is defined as someone who...
According to FATF, a Political Exposed Person is defined as someone who...
Why are PEPs considered high-risk individuals in terms of financial crimes?
Why are PEPs considered high-risk individuals in terms of financial crimes?
Which FATF recommendations require countries to take measures against financial abuse by PEPs?
Which FATF recommendations require countries to take measures against financial abuse by PEPs?
What is the purpose of the FATF's PEP requirements?
What is the purpose of the FATF's PEP requirements?
What is the potential consequence of denying a business relationship with a PEP without a justified risk?
What is the potential consequence of denying a business relationship with a PEP without a justified risk?
In relation to financial crimes, why are PEPs singled out for specific attention?
In relation to financial crimes, why are PEPs singled out for specific attention?
