PEP is a concept used for persons associated with prominent public functions. PEP information contributes to risk assessment; it is not an indicator of crime or grounds for automatic rejection.
Read the scope correctly
Function, period in office and categories of associated persons are assessed under the applicable rules. Do not explain every case with a single universal period or country list.
Check the identity match
Examine with the distinguishing details available whether a PEP record belongs to the same person as the one searched for. Separate name similarity from a definitive match.
Link it to the institution's decision
Additional review and approval steps are determined within your institution's policy and applicable obligations. Do not present PEP status as the same outcome as a sanctions record.
See the related product scope → AML screening
Legichain — technology for identity verification, AML and blockchain screening. Contact: [email protected]