Why Banks carry out Enhanced Due Diligence (EDD) on Politically Exposed Persons (PEPs)

Some few salient points for further debate, discussion and dialogue. In my book, Financial Crime Risk Management and Compliance (2016) , I have provided some simpler working definitions for everyone to be on the same page. Money Laundering (ML) is the process by which criminals attempt to conceal or disguise the ownership and origin ofContinue reading “Why Banks carry out Enhanced Due Diligence (EDD) on Politically Exposed Persons (PEPs)”