A Politically Exposed Person, or PEP, is someone who holds or has previously held a prominent public position.
This may include a:
- government minister;
- senior public servant;
- judge;
- senior military officer; or
- person holding another significant public role.
The definition may also include close family members and associates of those individuals.
We are required to ask about PEP status as part of the due diligence process. It is a standard question and does not imply suspicion or wrongdoing.
