PEP and PEP Screening under UAE AML Regulations

Given the inherent nature of the Politically Exposed Person (PEP) to influence the general public and spending of government funds, the identification of PEP becomes a very critical aspect of the customer onboarding process from an AML perspective.

As an AML framework, it is suggested by various authorities to treat the PEP as high-risk customers and conduct enhanced due diligence to establish their identity, purpose of the transaction, and source of funds. To better understand the PEP status under AML, the present infographic depicts who should be construed as a PEP and what additional measures to be taken while onboarding a PEP as your customer.

AML UAE provides end-to-end compliance services for AML, including laying down the guidelines for identifying PEP, conducting enhanced due diligence, etc.

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