Why Is Identifying Politically Exposed Persons (PEPs) the Cornerstone of Financial Compliance?
What Makes PEP Identification Crucial for Financial Compliance? Have you ever wondered why banks and other financial institutions concentrate the most on identifying PEPs? To address the concern, John D. Rockefeller said, “I will always pay extra to understand how to get along with people.” He also put emphasis on knowing PEPs by saying that…