PEP abbreviations and subcategories

If the PEP report shows some findings, the findings will be categorised as follows:

Politically exposed Person (PEP)

An individual in a prominent public function (like heads of state, ministers, or senior military officers) who poses a higher risk for bribery and corruption, requiring enhanced due diligence.

Relatives and Close Associates (RCA) 

Relatives or Close Associates refer to individuals who have a close relationship with a politically exposed person (PEP). This can include family members such as spouses, children, parents, siblings, as well as close friends, business associates, and other individuals who have a significant connection to the PEP.

Profile of Interest (POI) 

Profile of Interest is a category designed to capture legacy data of PEPs who served on relevant PEP positions more than 12 months ago, as well as legacy data of profiles which no longer fits the new Reputational Risk Exposure methodology.

Special Interest Persons (SIP) 

Special Interest Persons refer to individuals who have been identified as being involved in activities that may pose a higher risk for money laundering, terrorism financing or various financial related crimes. These are grouped into the following subcategories.
 

List of subcategories:

CategoryDescription
Sanctions ListsPersons appearing on official financial sanctions lists who are involved, or suspected of being involved, in illegal activities.
Law EnforcementPersons appearing on an official law enforcement public domain site as either wanted, investigated, or arrested by an official law enforcement body or the police; or individuals or entities charged, prosecuted, convicted, and/or sentenced by a competent criminal court that constitutes a criminal act.
Regulatory EnforcementPersons listed on an official regulatory enforcement public domain site against whom official regulatory administrative action has been taken by a government or independent regulatory agency responsible for the supervision and oversight of specific administrative regulations or rules for breaches of said rules and regulations.
Bribery & CorruptionPersons involved or alleged to have been involved in criminal activity relating to bribery and corruption, including being bribed, bribing another person (including facilitation payments), bribing a foreign public official, failure of a relevant commercial organization to prevent bribery, and corrupt practices.
Cyber CrimePersons involved or alleged to have been involved in criminal activity relating to cybercrime, including identity theft, scams, hacking, and credit card or payment fraud.
Disqualified DirectorsIndividuals that have been disqualified from acting as company directors (for UK only).
End Use ControlIncidents involving entities engaged in exporting dual-use or military technology, posing a risk of breaching non-proliferation rules. End users may be foreign entities utilizing exported items, not intermediaries but purchasers or financiers.
Environmental CrimeSystematic, willful acts that harm the environment for personal gain, including resource exploitation, damage, or theft in violation of laws. This includes polluting air, soil, or water to gain profit or avoid costs, and trafficking endangered species, illegal logging, or dumping hazardous waste. Such crimes often adversely affect the environment and human life.
Financial CrimePersons involved or alleged to have been involved in criminal financial activities, including fraud, money laundering, tax offences, embezzlement, currency counterfeiting, high-value theft, insider trading, unexplained wealth orders, or failure to comply with financial regulations.
FugitivePersons who flee jurisdiction or prison to avoid arrest, prosecution, imprisonment, or giving testimony in criminal proceedings.
GamblingIllegal gambling operations involving systematic, organized activities that may include illicit fund flows, potentially supporting organized crime or terrorism financing. Excludes unorganized or low-risk gambling activities.
Human Rights ViolationIndividuals or groups violating fundamental rights recognized by international agreements or national laws. This includes crimes against humanity such as genocide, apartheid, enslavement, and persecution. Such violations can exacerbate political instability and conflict.
InsolvencyIndividuals declared bankrupt or insolvent (for UK and Ireland only).
Interstate Commerce ViolationUnlawful purchase, sale, or exchange of goods or services across state borders in violation of interstate laws, including extraterritorial legal breaches.
Labour ViolationViolations of laws protecting employee rights, such as child labor laws, union rights, and collective bargaining. Excludes non-material labor claims and civil disputes.
Modern SlaveryIndividuals involved in human trafficking and exploitation, including labor and sex trafficking.
Narcotics CrimeIndividuals involved or suspected of being involved in narcotics-related crimes, such as drug production, trafficking, and distribution.
Organised CrimeIndividuals involved or suspected of involvement in organized crime, including arms trafficking, smuggling, or involvement in crime syndicates.
Pharma TraffickingSystematic trafficking of fake or illicit pharmaceuticals, excluding small-scale drug sales. Includes organized trade, distribution, or manufacture of counterfeit medical products.
PiracyCriminal acts such as violence or theft committed at sea by private vessels against others for personal gain, covered under universal jurisdiction. Includes maritime piracy in international waters.
Reputational RiskIndividuals alleged to be involved in activities posing reputational risks.
Unauthorized IncidentActions by entities engaging in regulated activities without proper authorization or licensing.
War CrimeIndividuals indicted or charged with war crimes, including violations of the laws of war, atrocities against civilians, or the use of weapons of mass destruction. Examples include genocide, murder, and the unlawful destruction of property.
OtherOffenses related to the above categories without evidence of official action by relevant authorities.
Custom WatchlistIndividuals listed in an organization’s custom watchlist.

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