POLITICALLY EXPOSED PERSON (PEP) is a natural person who is or has been entrusted with prominent public function:
- Heads of State, heads of government, ministers and deputy or assistant ministers,
- Members of parliaments,
- 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 courts of auditors or of the boards of central banks,
- Ambassadors, chargιs d'affaires and high-ranking officers in the armed forces,
- Members of the administrative, management or supervisory bodies of State-owned enterprises.
Immediate family members:
- The spouse or the person with which cohabit for at least one year,
- The children and their spouses or the persons with which cohabit for at least one year,
- The parents.
Persons known to be close associates, of PEP:
- Any natural person who is known to have joint beneficial ownership of legal entities or legal arrangements, or any other close business relations, with PEP.
- 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 PEP.
Where a person has ceased to be entrusted with a prominent public function for a period of at least one year, such person shall not be considered as politically exposed.