Glossary

Politically Exposed Persons (PEP)

Politically Exposed Persons: Individuals, or their relatives, who are prominent public functionaries.

Related Terms

  • Bank Secrecy Act (BSA)

    Requires financial institutions in the United States to assist U.S. government agencies to detect and prevent money laundering.

    Learn more

  • Red Flag

    A potentially suspicious or money laundering situation raises a Red Flag or warning signal.

    Learn more

Ready to start reducing your returns and ensure compliance?