The meaning ‘Politically Exposed Persons’ (PEPs) includes the following natural persons who are or have been entrusted with prominent public functions:

• heads of State, heads of government, ministers, and deputy or assistant ministers

• members of parliaments

• members of supreme courts, constitutional courts, or other high-level judicial bodies whose decisions are not subject to further appeal, except in exceptional circumstances

• members of courts of auditors or the boards of central banks

• ambassadors, chargé d’affaires, and high-ranking officers in the armed forces

• members of the administrative, management, or supervisory bodies of State-owned enterprises None of the categories set out above should be understood as covering middle-ranking or more junior officials.

Further, where a person has ceased to be entrusted with a prominent public function within the meaning of the above definition for at least one year, such person shall not be considered a PEP.


PEPs are also the immediate family members of such persons as set out under Definition 1, which means:


• the spouse or the person with whom PEP cohabits for at least one year


• children and their spouses or the persons with whom PEP cohabits for at least one year


• parents


PEPs are also persons known to be close associates of such persons as set out under Definition 1, which means:


• Any natural person who is known to have joint beneficial ownership of legal entities or legal arrangements, or any other close business relations, with a person referred to in Definition 1


• Any natural person who has sole beneficial ownership of a legal entity or legal arrangement which is known to have been set up for the benefit de facto of the person referred to in Definition 1
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