TO THE COMMISSION. I. INTRODUCTION
TO THE COMMISSION. (60) The requirements relating to politically exposed persons, their family members and close associates, are of a preventive and not criminal nature, and should not be interpreted as stigmatising politically exposed persons, their family members or close associates as being involved in criminal activity. Refusing a business relationship with a person simply on the basis of a determination that they are a politically exposed person or a family member or a close associate of a politically exposed person is contrary to the letter and spirit of this Regulation.
