Challenges in Dealing with Politically Exposed Persons PDF Download
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Author:
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Category :
Languages : en
Pages : 6
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 6
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Book Description
Author: Ruta Mrazauskaite
Publisher:
ISBN:
Category :
Languages : en
Pages : 106
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Book Description
Author: Theodore S. Greenberg
Publisher: World Bank Publications
ISBN: 0821383337
Category : Business & Economics
Languages : en
Pages : 126
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Book Description
In recent years, revelations of grand corruption and the plunder of state assets have led to greater scrutiny of financial relationships with politically exposed persons (PEPs) senior government officials and their family members and close associates. Notwithstanding the efforts by many financial institutions and regulatory authorities to prevent corrupt PEPs from entering and using the financial system to launder the proceeds of corruption, there has been an overall failure in the effective implementation of international standards on PEPs. Implementation of an effective PEP regime is a critical component in the prevention and detection of transfers of proceeds of crime and, therefore, ultimately in the process of recovering them. 'Politically Exposed Persons: Preventive Measures for the Banking Sector' is designed to help banks and regulatory authorities address the risks posed by PEPs and prevent corrupt PEPs from using domestic and international financial systems to launder the proceeds of corruption. The book provides recommendations and good practices aimed at improving compliance with international standards and increasing supervisory effectiveness. It is an important tool for individuals, governments, financial and private sector companies, and international organizations involved in developing and implementing standards aimed at fighting corruption and money laundering, and trying to recover stolen assets and the proceeds of corruption.
Author: John Hatchard
Publisher: Edward Elgar Publishing
ISBN: 1789905303
Category : Law
Languages : en
Pages : 328
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Book Description
This insightful book critically explores the political, constitutional, legal, and economic challenges of effectively combating the laundering of the proceeds of crime by politically exposed persons (PEPs) in Africa.
Author: Ian Duncan
Publisher:
ISBN: 9781717842961
Category :
Languages : en
Pages : 64
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Book Description
There are 1.5 million politically exposed persons, or PEPs, all over the world. They are mostly male, mostly middle-aged or senior citizens, and they live across 240 countries or jurisdictions. They are all screened: their political or administrative careers, wealth, even their most personal life circumstances (such as weddings, siblings, divorces, lovers) are dutifully registered. Information about them - extracted from public documents, articles, or even sometimes from gossip printed or posted in any form of media or language - is scrutinized, stored and shared by legions of analysts in governmental or supranational organizations, as well by private organizations, with the help of local 'informants' (mostly journalists who are proficient in local idioms). Are you a PEP? Are you among the people who happen to be included in one of the many 'PEP lists' shared by financial institutions, consultants, supranational and governmental organizations? If you have, or have had, any sort of political function, if your career took you to the higher levels of public institutions (even judiciary or military), or are in state-owned enterprises, your chances of being a PEP are higher. At the top echelon of every organization (private companies excluded), everyone is most likely to be considered a PEP by some account.
Author: Okechukwu Eme
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659821189
Category :
Languages : en
Pages : 124
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Book Description
This monograph on Politically Exposed Persons (PEPs) in a Post- Colonial State like Nigeria is the result of special collaborative and research efforts from colleagues around the academia, whose time and expertise in the anti-money laundering field were generously shared. This is because the issue of PEPs is one of the most significant points of linkage between AML and anti-corruption efforts. And dealing with corrupt PEPs poses difficult challenges since these individuals are by definition politically influential and severally command substantial resources. This monograph addresses these challenges and offered remedies and concludes by positing that the failure of indicted politicians is a victory for Nigeria and Nigerian democracy. Written in a readable style, the monograph is indispensable to policymakers, lawyers, politicians and researchers. It should be read by all.
Author: D. Chaikin
Publisher: Springer
ISBN: 0230622453
Category : Political Science
Languages : en
Pages : 240
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Book Description
Through a policy and legal analysis, this book shows how corruption facilitates money laundering, and vice versa. Furthermore, it demonstrates specifically how the responses developed to combat one type of financial crime can productively be employed in fighting the other.
Author: George Gilligan
Publisher:
ISBN:
Category :
Languages : en
Pages : 8
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Book Description
This paper discusses the subject of Politically Exposed Persons (PEPs) and some of the major issues associated with them. PEPs as a specific category are receiving increased attention from governments, law enforcement agencies and international organizations such as the Financial Action Task Force (FATF). An increased academic and theoretical focus upon PEPs is required because there is considerable uncertainty about the specific definition of PEPs, how precisely they may be categorized, what the impacts of their activities are and how they might be countered. This paper first discusses some of the ambiguities surrounding the definition of PEPs. The paper then emphasizes the unsurprising reality that definitional confusion regarding PEPs contributes to uncertainty about their incidence and effects. The paper then highlights some of the key policy challenges in responding to PEPs and provides examples of good and bad practice in seeking to counter the activities of PEPs. The paper concludes that it is important for governments and business organizations to be proactive about emerging risks relating to PEPs. However, experience suggests that it seems extremely difficult to segregate political contexts from how the harms and other problems associated with PEPs might be countered and that political expediency may be a defining overall factor in how responses to PEPs evolve.
Author: Margaret E. Beare
Publisher: SAGE Publications
ISBN: 1412990785
Category : Social Science
Languages : en
Pages : 545
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Book Description
Transnational crimes involve border crossings as an integral part of the criminal activity. They also include crimes that take place in one country with consequences that significantly affect other countries. Examples include human trafficking, smuggling (arms, drugs, currency), sex slavery, non-domestic terrorism, and financial crimes. Transnational organized crime refers specifically to transnational crime carried out by organized crime syndicates. Although several encyclopedias cover aspects of transnational crime, it is this encyclopedia′s emphasis on transnational justice, as well, that differentiates it from the pack. Not only do we define, describe, and chart the crimes and criminal activity, we also will include significant coverage of policing those crimes and prosecuting them within domestic and international court systems. Accessible and jargon-free and available in both print and electronic formats, the one-volume Encyclopedia of Transnational Crime and Justice will contain such entries as arms smuggling, art fraud, charity fraud, hacking and computer viruses, copyright infringement, counterfeiting, drug smuggling, extradition, human trafficking, intelligence agencies, international banking laws, Internet scams, Interpol, money laundering, pollution and waste disposal, price fixing, prosecution, sanctions, sex slavery, tax evasion, terrorism, war crimes, the World Court, and more. Features & Benefits: 150 signed entries (each with Cross References and Further Readings) are organized in A-to-Z fashion to give students easy access to the full range of topics in transnational crime and justice. A thematic Reader′s Guide in the front matter groups entries by broad topical or thematic areas to make it easy for users to find related entries at a glance. In the electronic version, the Reader′s Guide combines with a detailed Index and the Cross References to provide users with convenient search-and-browse capacities. A Chronology in the back matter helps students put individual events into broader historical context. A Glossary provides students with concise definitions of key terms in the field. A Resource Guide to classic books, journals, and web sites (along with the Further Readings accompanying each entry) helps guide students to further resources in their research journeys. An Appendix includes the Congressional Research Service Report on International Terrorism and Transnational Crime.
Author: Tomasz Braun
Publisher: Springer Nature
ISBN: 3030249662
Category : Business & Economics
Languages : en
Pages : 356
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Book Description
Initially, introducing compliance functions within the financial industry had been forced by regulatory scrutiny. Later, it started to spread to other regulated companies, in particular those publicly listed. Now, compliance has become an asset of corporates that want to build their reliability among clients, shareholders, employees and business partners. This book looks at the efficiency of the compliance measures introduced and the best practices of building compliance norms. This recently observed practice of compliance was triggered by the expectation of regulators, shareholders, clients, business partners and the public for robust compliance mechanisms. This book looks at the vast interest in this topic among business people who strive to introduce the systems and the mechanisms of non-compliance risk management in their companies and at the uncountable difficulties and obstacles they meet. The book fills the gap of thorough analysis of this subject by pointing out the solutions successfully introduced in global financial organizations, and would be of interest to academics, researchers and practitioners in corporate finance, corporate governance and risk management.
