Understand the importance of PEP Screening in Risk Management
Not long ago, corruption and bribery were not among the core focus of financial institutions. Unless by 2022, Bailiwick of Guernsey declared their relationship with foreign Politically Exposed Persons (PEPs) from a range of jurisdictions. Bailiwick’s National Risk Assessment (NRA) reported the total number of corruption cases linked with foreign PEPs is higher than any…