What to Do When Working with PEPs
Working with PEPs requires extra due diligence. In this article, we outline how to screen for PEPs, and how to work with them effectively.
In 1989 the G-7 established the Financial Action Task Force (FATF) in order to help fight the rising tide of international money laundering. Importantly, FATF cannot pass legislation, but instead provides a framework, which the 38 member states try to implement.