Fintech Insider Podcast by 11:FS cover image

758. Is Goldman Sachs breaking up with Apple?

Fintech Insider Podcast by 11:FS

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The Politics of Political Exposure in the World of Finance

The PEP, the political exposed person, that concept actually doesn't exist in the US anti-money laundering framework. The rough idea is that if you are a government appointee or even a family member, a spouse or a child of somebody who is a political person, there's potential that there's a higher level of risk. Most financial institutions will deal with this through additional due diligence and transaction monitoring.

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