A Politically Exposed Person (“PEP”) is a person who exercises or has exercised important public functions. Their family members and close associates are also included in this category.
Find out who they are:
▸ Persons holding or having held prominent public office
· heads of state, heads of government, ministers, deputy ministers or assistants to ministers;
· members of parliament or similar legislative bodies;
· members of supreme courts, of constitutional courts or of other high-level judicial bodies whose decisions are not subject to further appeal, except in exceptional circumstances;
· members of the Courts of Auditors or the Governing Councils of the Central Banks;
· ambassadors, diplomatic agents and high-ranking officers of the armed forces;
· members of administrative bodies, boards of directors or boards of statutory auditors of companies controlled by the State;
· leaders and holders of leadership functions of political parties;
· directors, deputy directors and members of boards of directors or who perform equivalent functions in international organisations.
· members of parliament or similar legislative bodies;
· members of supreme courts, of constitutional courts or of other high-level judicial bodies whose decisions are not subject to further appeal, except in exceptional circumstances;
· members of the Courts of Auditors or the Governing Councils of the Central Banks;
· ambassadors, diplomatic agents and high-ranking officers of the armed forces;
· members of administrative bodies, boards of directors or boards of statutory auditors of companies controlled by the State;
· leaders and holders of leadership functions of political parties;
· directors, deputy directors and members of boards of directors or who perform equivalent functions in international organisations.
▸ Family members
· spouse;
· any partner who according to the law is equal to the spouse;
· children and their spouses, or partners who according to the law are equated with spouses;
· the parents;
· siblings.
· any partner who according to the law is equal to the spouse;
· children and their spouses, or partners who according to the law are equated with spouses;
· the parents;
· siblings.
▸ Close collaborators
· anyone owner together with a PEP of a company or other similar entity or who have another type of close business relationship with a PEP;
· any person who is the sole owner of a company or other similar body formed for the de facto benefit of a PEP.
· any person who is the sole owner of a company or other similar body formed for the de facto benefit of a PEP.
💡 PEP users may receive requests for further documentation to start using Satispay.