Is PEP Screening Required for All Countries?
🔹 Yes, in most cases – Global regulations such as FATF (Financial Action Task Force), EU AML Directives, USA PATRIOT Act, and others require businesses to screen clients against PEP lists, international sanctions lists, and terrorist watchlists.
🔹 Varies by jurisdiction – Some countries have stricter compliance rules, while others may have specific thresholds for screening (e.g., only high-risk clients).
🔹 Risk-Based Approach – Many regulations require businesses to assess the level of risk before determining the depth of screening.
Why Global PEP Screening Matters?
✅ Ensures compliance with international regulations
✅ Reduces financial and reputational risks
✅ Prevents money laundering and financial crimes
✅ Avoids heavy fines and penalties for non-compliance
Would you like guidance on specific country regulations? 🚀