Management of PEPS Risks

Rehman is the Chairman of a private security and military tech firm. The company has won a contract to sell its services to a government in Asia.

Is he a PEP?

• Yes

• No

Dame Maggie is a former Judge for Her Majesty’s High Court of Justice in England and Wales. She presided over the chancery division, dealing with business and property related disputes. Dame Maggi retired in June 2014. Is she a PEP

• Yes

• No

Rashid is the nephew to a Commander in a foreign navy. Is he PEP

• Yes

• No

1Juan is a professional footballer. His father in law is the current General Secretary of a continental governing body for association football. is he a PEP?

• Yes

• No

Erica John is the CEO of a research corporation that primarily focusses on alternative energy and life sciences. The organisation is funded wholly by a national government. Is she a PEP

• Yes

• No

Professor Paula Teek Paula is the head of politics and international relations at an international university and has presented many papers and research journals on topics such as diplomacy and public finance policies which have been picked up in the press. Is She a PEP?

• Yes

• No

Adam Vizor Adam is an ambitious political strategist and special adviser. He was recently appointed as chief of staff to the leader of a European nation.Is he a PEP?

• Yes

• No

Which of the following Entities are likely to be Higher Risk, if they are controlled by PEPS? (Choose one)

• Publicly traded company listed on a recognized exchange

• An entity created for the sole benefit of a PEP

• Where the organization is well regulated and subject to independent supervision

• State owned organizations, subject to good governance, appropriate checks and balances and transparent reporting

What are Considerations for retaining PEP status after the PEP leaves office? (Choose three)

• How politically connected they remain once they have left office

• Links to any industries that are high risk for corruption

• The level of inherent corruption risk in the PEP’s country of political exposure

• Once a PEP, always a PEP

Which of the following are higher Risk PEPS?

• Has a prominent public function in sectors known to be exposed to corruption levels

• Has a prominent public function but cannot exert any impact on the effective implementation of AML/CFT Laws

• is involved in public procurement processes

• has business interests which are related to his/her public functions (conflict of interest);