Politically Exposed Persons
Meet your FINTRAC obligations with seamless, ongoing screening of Politically Exposed Persons and Heads of International Organizations.
Why Politically exposed persons?
Under Canadian anti-money laundering (AML) law, reporting entities must take enhanced measures when dealing with Politically Exposed Persons (PEPs) or Heads of International Organizations (HIOs). This includes determining PEP status, assessing source of funds, and conducting senior management reviews.
Our service automates the PEP/HIO detection, screening, and documentation process to help you maintain full compliance with ease.
Who Is It For?
These organizations are required to determine whether clients or beneficial owners are domestic or foreign PEPs, HIOs, or family members/close associates, and to act accordingly.
Key Benefits
Instantly checks new clients, beneficial owners, and transactions against updated PEP and HIO lists.
Flags high-risk PEP/HIO relationships and prompts required enhanced due diligence steps.
Maintains a full audit trail of decisions, approvals, and actions taken for regulatory review.
Eliminates manual PEP reviews and enhances consistency in your compliance program.
Use Cases
How It Works
Features
Access regularly updated databases for real-time screening.
Automatically identifies known family members or close associates.
Built-in system to log and track management decisions as required by FINTRAC.
Keeps client risk status updated as lists or customer circumstances change.
Stores detailed logs of all screenings, decisions, and follow-ups in a structured format.
Frequently Asked Questions
Who qualifies as a Politically Exposed Person (PEP)?
Individuals who hold or have held a senior political or public role, either in Canada or abroad.
What are Heads of International Organizations (HIOs)?
Leaders of recognized international bodies (e.g., UN, IMF) who are treated similarly to PEPs for AML purposes.
Do I need to screen family members or associates?
Yes. Family members and close associates of PEPs and HIOs must also be identified and risk assessed.
Is senior management approval required?
Yes, for foreign PEPs and HIOs, transactions must be approved by senior management.
How frequently must screening occur?
At onboarding and on an ongoing basis, depending on your business risk profile and client type.
Getting Started
Proactively manage PEP and HIO risks with automation that ensures compliance, reduces manual workload, and protects your reputation.
Fill out the short contact form below or choose another convenient way to reach us. Our team is here to listen, answer your questions, and help you get compliant — fast.
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