| According to the Financial Action Task Force (FATF) a PEP is a current or former senior official in the executive, legislative, administrative, military, or judicial branch of a government (elected or not), a senior official of a major political party, a senior executive of a government owned commercial enterprise, being a corporation, business or other entity formed by or for the benefit of any such individual, an immediate family member of such individual; meaning spouse, parents, siblings, children, and spouse's parents or siblings, any individual publicly known to be a close personal or professional associate. |