What is a Politically Exposed Person?
A politically exposed person (PEP) is an individual who is or has been entrusted with a prominent public position.
An accredited investor can be broadly defined as an individual or business authorized to sell securities that are not registered with a regulatory authority. They can include high net worth individuals, financial institutions, investment and insurance companies, and various other kinds of persons and corporations.
Money laundering is a practice almost as old time itself. From as early as 2000 BCE, wealthy Chinese merchants would move their profits outside of China, as the government did not support commercial trading. They would then reinvest their smuggled funds into other enterprises, a technique still used today.
Biometric Identification has been with us since the beginning of recorded time. Archeologists have found evidence of handprints being used in the Qin Dynasty (221–206 BC) to identify criminals and track their illicit activity.