PEP Screening
Identify politically exposed persons and apply enhanced due diligence automatically
The Problem
Politically exposed persons (PEPs) represent an elevated risk of bribery, corruption, and money laundering. Identifying PEPs and their close associates manually is unreliable — global political databases are vast, and relationships between PEPs and account holders are not always disclosed.
Why It Matters
Politically exposed persons (PEPs) represent an elevated risk of bribery, corruption, and money laundering. Identifying PEPs and their close associates manually is unreliable — global political databases are vast, and relationships between PEPs and account holders are not always disclosed.
How Verigo Solves It
VeriGo integrates with global PEP databases to automatically identify customers, beneficial owners, and counterparties who are PEPs or closely associated with PEPs. Confirmed PEP matches automatically trigger enhanced due diligence workflows requiring MLRO review and sign-off.
Key Benefits
Screening against global PEP databases covering domestic, foreign, and international organisation PEPs
Identification of close associates, family members, and related parties of PEPs
Automatic enhanced due diligence trigger for confirmed PEP matches
MLRO review and approval workflow for PEP relationships
Ongoing monitoring of PEP status with re-screening on database updates
Full audit trail of PEP identification decisions and enhanced due diligence records
Industry Examples
Foreign exchange providers use VeriGo PEP screening to identify customers who are government officials or their associates, automatically triggering enhanced source of funds checks.
Real estate professionals use VeriGo to screen property buyers and their beneficial owners for PEP status, applying enhanced due diligence before facilitating high-value property transactions.
When a customer later becomes a PEP due to appointment to a public office, VeriGo's ongoing screening detects the status change and triggers an enhanced due diligence review.
Law firms use VeriGo to screen clients receiving designated services for PEP status, applying proportionate enhanced due diligence for all matters involving PEP-connected clients.
Try PEP Screening free for 7 days
Identify every PEP in your customer base. Apply consistent enhanced due diligence without manual research or missed relationships.