There is an “urgent” need to strengthen identification processes on politically exposed persons (PEPs) based in China, Hong Kong, Malaysia, and Singapore, according to LexisNexis Risk Solutions’ latest report. A significant number of entries on PEP lists at financial institutions, including their relatives and associates, have created difficulties when carrying out effective PEP screening, the report found. PEPs are generally…
New report finds “urgent” need to tighten screening on Asia PEPs
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