In accordance with the Proceeds of Crime Act 2000 (as amended) and the Financial Obligations (Amendment) Regulations 2014, Regulation 20(3), and as a registered NGO, HRMATT is required to undertake Enhanced Customer Due Diligence on members who are classified as a PEP. A PEP shall be considered as an individual who is or has been entrusted with a prominent function either locally or in a foreign country, or a close relative or affiliate thereof. A person remains a PEP even after they demit office.
Domestic PEP or Foreign PEP
- Head of State, Head of Government, Government Minister, Senior Member of Legislature
- Senior Politician, Senior Government Official, Senior Judicial Officer, Important Political Party Official
- Chairman, Board Member, Corporate Secretary, Senior Executive of a State-owned Corporation or Staturtory Body
- Military Official
International Organization PEP
- United Nations and affiliated International Organization; International Labor Organization
- Inter-American Development Bank; Organization of American State
- Caribbean Financial Action Task Force