Politically Exposed Persons (PEP)
Politically Exposed Persons: Individuals, or their relatives, who are prominent public functionaries.
Office of Foreign Assets Control. A US regulatory Agency that is responsible for monitoring funds held or transferred to illegal entities. The OFAC list is a list of companies/individuals that should be prevented from sending/receiving...
A relationship entered into between a small bank and a big bank in which the big bank provides a number of deposit, lending, and other services.