politically exposed person definition

politically exposed person means any individuals connected to any prominent public functions, as well as their immediate family members and close associates.
politically exposed person means a domestic politically exposed person, foreign politically exposed person or international organisation politically exposed person; and
politically exposed person. PEP”) means a natural person who is or who has been entrusted with prominent public functions in the Republic or in another country, directly close relative of such person as well as a person known to be a close associate of such person: It is further understood that for the purpose of the person definition, important public function means any of the following functions:

Examples of politically exposed person in a sentence

  • Partner affirms that none of its owners, directors, employees, and to its knowledge, third parties involved in the performance of this Agreement is a Politically Exposed Person or Government Official or a Close Family Member of a Government Official (all “Covered Individual”), (i) with the ability, or appearance of ability, to influence the performance of this Agreement or (ii) who will derive any substantial financial benefit in the contractual relationship established by this Agreement.

  • Where you fit the definition of a Politically Exposed Person (PEP), As solicitors, we have an obligation to guard against bribery, corruption and money laundering.

  • For example, are you an agent, custodian, attorney, or legal guardian, or otherwise holding the account on behalf of a spouse, relative, business partner or friend?Part C – Politically Exposed Person DeterminationOdyssey Trust Company is required to determine if account holders currently hold or have previously held a foreign political position or are related to a political person, past or present.

  • Politically Exposed Person (PEP) NB: Selection requiredAre you or have you been entrusted with a prominent function, or are you a immediate family member or close associate of such a person*?No Yes, please specify:*If account holder is immediate family member or close associate of a PEP, both name and relation must be stated.


More Definitions of politically exposed person

politically exposed person means an individual who is, or has at any time been, entrusted with a prominent public function, including either of the following individuals (but not including any middle ranking or more junior official): (a) a specified official; (b) a member of the administrative, management or supervisory body of a state-owned enterprise; “specified official” means any of the following officials (including any such officials in an institution of the European Communities or an international body): (a) a head of state, head of government, government minister or deputy or assistant government minister;
politically exposed person means a natural person who is or who has been entrusted with prominent public functions and includes the following:
politically exposed person means an individual who is, or has at any time in the preceding 12 months been, entrusted with a prominent public function, including either of the following individuals (but not including any middle ranking or more junior official):
politically exposed person means an individual who is, or has been, entrusted with a prominent public function, including, heads of state, heads of government, ministers and deputy or assistant ministers, members of parliament or of similar legislative bodies including regional governments in federalised systems and devolved administrations, including the Scottish Executive and Welsh Assembly, where such bodies have some form of executive decision-making powers. Members of the governing bodies of political parties. Members of supreme courts, of constitutional courts or of any judicial body, the decisions of which are not subject to further appeal except in exceptional circumstances. In the UK this menas only judges of the supreme court. Members of courts of auditors or of the boards of central banks. Ambassadors, charges d’affaires and high-ranking officers in the armed forces. Members of the administrative, management or supervisory bodies of State-owned enterprises. Directors, deputy directors and members of the board or equivalent function of an international organisation (this does not include sporting federations).
politically exposed person means any individual, who currently is, or has at any time in the past 12 months, been entrusted with a prominent public function and performs one of the following roles:
politically exposed person or “PEP” shall mean someone who currently or in the last 12 months belonged to a political entity or governmental body; this extends to the immediate family members and close associates of such a person.
politically exposed person. (“PEP”) means (A) any person who holds or has ever held one of the following offices or positions in or on behalf of a country: (1) a head of state or government, (2) a member of the executive council of government or member of a legislature, (3) a deputy minister (or equivalent), (4) an ambassador or an ambassador’s attaché or counsellor, (5) a military general (or higher rank), (6) a president of a state owned company of bank, (7) a head of a government agency, (8) a judge, or (9) a leader or president of a political party in a legislature; or (B) any of the following family members of an individual described in (A)(1)-(9): (i) mother, (ii) father, (iii) spouse, (iv) common law partner,