Politically Exposed Persons (PEP) Screening

At Refined Registry, we understand the significance of effective Politically Exposed Persons (PEP) screening in maintaining compliance with global regulatory standards. PEPs are individuals who hold prominent public positions, such as government officials, judges, and executives in state-owned enterprises, as well as their immediate family members and close associates. Due to their influential roles, PEPs may pose heightened risks related to corruption, bribery, and money laundering.

To mitigate these risks, we implement thorough PEP screening processes as part of our customer due diligence measures. This involves identifying and assessing any clients who fall into the PEP category at the outset of our relationship. We utilise a variety of reliable sources, including government databases and specialised PEP screening software, to ensure our screenings are comprehensive and up-to-date.

Once a client is identified as a PEP, we conduct enhanced due diligence, which includes obtaining additional information about the nature of their political exposure, the sources of their wealth, and their business activities. This thorough assessment helps us understand the potential risks involved and allows us to make informed decisions regarding the relationship.

Our team is trained to recognise and appropriately handle any concerns that arise during the screening process.

We continually monitor for any changes in status that could affect an investors risk profile. This ensures that we remain compliant with regulatory requirements and can swiftly address any issues that may arise.

By implementing robust PEP screening procedures, Refined Registry is committed to fostering a culture of integrity and transparency while protecting our clients from potential risks associated with politically exposed individuals.