Podcast
Questions and Answers
Which of the following is NOT an example of a Politically Exposed Person (PEP) according to the Dutch definition?
Which of the following is NOT an example of a Politically Exposed Person (PEP) according to the Dutch definition?
- A Governor of a central bank (correct)
- A Member of the Parliament
- A Member of the executive board of a political party
- A Mayor of a city
According to the Financial Action Task Force, when does a person cease to be a Politically Exposed Person (PEP)?
According to the Financial Action Task Force, when does a person cease to be a Politically Exposed Person (PEP)?
- It depends on the financial institution, company or profession (correct)
- Never
- After a fixed period of 10 years
- After a fixed period of 5 years
What is the primary purpose of including family members in the PEP definition?
What is the primary purpose of including family members in the PEP definition?
- To provide financial support to family members of PEPs
- To alert financial institutions and organizations to potential risks (correct)
- To ensure that family members of PEPs are also held accountable
- To prevent family members of PEPs from being appointed as PEPs
Who are considered as close associates of a PEP?
Who are considered as close associates of a PEP?
Which of the following is NOT a common misconception about PEPs?
Which of the following is NOT a common misconception about PEPs?
What is the primary reason for conducting a PEP investigation?
What is the primary reason for conducting a PEP investigation?
What is the primary reason why PEPs are considered a higher risk in the Know Your Customer field?
What is the primary reason why PEPs are considered a higher risk in the Know Your Customer field?
Which FATF recommendations specifically address the risks posed by PEPs?
Which FATF recommendations specifically address the risks posed by PEPs?
What is the main purpose of the FATF's PEP requirements?
What is the main purpose of the FATF's PEP requirements?
What does the FATF recommend regarding denying business relationships with PEPs?
What does the FATF recommend regarding denying business relationships with PEPs?
Which of the following is NOT a potential crime that PEPs may be involved in, according to the FATF?
Which of the following is NOT a potential crime that PEPs may be involved in, according to the FATF?
What does the FATF do in relation to PEPs?
What does the FATF do in relation to PEPs?
