Politically Exposed Persons – A Policy Paper on Strengthening Preventive Measures
11 Sep 2012
Funds stolen by corrupt politicians and stashed abroad with the help of the international banking systems are the main focus of this publication. The authors analyse the shortcomings in existing frameworks to curb such activity and identify a set of recommendations to make it more difficult to access the international financial industry to launder proceeds of corruption: enhanced due diligence to domestic and foreign politically exposed persons (PEPs), declaration of beneficial ownership, request of asset and income disclosure, periodic reviews of PEPs
Loading...