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 parliament or of similar legislative bodies;
- Members of the governing bodies of political parties;
- Members of supreme courts, of constitutional courts or of other high-level judicial bodies, the decisions of which are not subject to further appeal, except in exceptional circumstances;
- Members of courts of auditors or of the boards of central banks;
- Ambassadors, chargés d'affaires and high-ranking officers in the armed forces;
- Members of the administrative, management, or supervisory bodies of State-owned enterprises;
- Directors, deputy directors, and members of the board or equivalent function of an international organization;
Immediate family members:
- The spouse or the person, who they cohabit for at least one year with,
- The children and their spouses or the persons, who they cohabit for at least one year with,
- 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.