Implement PEP Screening and Enhanced Due Diligence Programme
What this control requires
Screen all customers against current PEP lists at onboarding and on an ongoing real-time basis. For PEPs, apply EDD: obtain senior management approval before onboarding, verify source of wealth and source of funds, apply enhanced ongoing transaction monitoring. Refresh PEP status at least annually.
Other AMLD6 controls
AML-BOW-001 - Maintain Verified Beneficial Ownership RegisterAML-CDD-001 - Implement Risk-Based Customer Due Diligence ProgrammeAML-RECORDS-001 - Maintain AML/CFT Records for Minimum 5 YearsAML-SANCTIONS-001 - Implement Real-Time Sanctions Screening ProgrammeAML-SAR-001 - Maintain STR/SAR Process to CTIF-CFIAML-TM-001 - Deploy Transaction Monitoring System with Calibrated Alert RulesAML-TRN-001 - Deliver Mandatory AML/CFT Training ProgrammeAMLD6-A11-001 - Enhanced Customer Due Diligence ProgrammeAMLD6-A18-001 - PEP Identification and Enhanced Due DiligenceAMLD6-A3-001 - ML Offence Scope — Internal Legal Coverage AssessmentAMLD6-A3-002 - Predicate Offence Transaction Monitoring RulesAMLD6-A33-001 - Suspicious Transaction Reporting to CTIF-CFI