The status of politically exposed person as a high risk client in the field of anti-money laundering and terrorism financing

Abstract

In this paper we analyse the individual positions of international organizations on the issue of different perceptions of risk areas
associated with politically exposed persons (hereinafter “PEP / PEPs”). The paper also includes a short historical excursion into the previous legislation in the field of money laundering and terrorist financing focused on PEPs. In the process of our research, we address the issue of sufficiency and appropriateness of setting up current measures aimed at high-risk clients – PEPs.