Issue 636 (Week ending 03/07/2024)

A politically exposed person (PEP) is an individual who has been entrusted with a prominent public function. The 5th Directive on AML requires Credit Unions and Financial Institutions to screen and identify PEPs in their Irish customer base.

At CRIFVision-net, we know that good quality, real-time data is what truly drives everything. That's why we are a top choice for Ireland's leading Financial Institutions, Banks, and Credit Unions; helping them and you fulfil compliance and anti-money laundering (AML) obligations with ease, on individuals, corporates, and sole-traders.

Our due diligence platform is the culmination of several years of research into this area. Our PEP Searches service allows for flexibility and monitoring against a wide portfolio of global data sources to deliver reports which meet the highest standard of Due Diligence.

Easily complete batch checks on your existing customer base, in a singular, hassle-free check, and comply with all on-going monitoring and reporting requirements on higher risk customers.

The CRIFVision-net platform provides users with access to over 1.4 million PEPs, 4 million profiles of high risk individuals along with 20 million supporting documents across 131 jurisdictions. The data grows daily from over 14,000 media sources, and is continually monitored. We believe this is the widest global coverage available.

It doesn't stop there though; the CRIFVision-net PEP Database is unique, as it publishes its coverage and sources of our global data to ensure our clients know they are receiving the most comprehensive solution on the market.

Furthermore, CRIFVision-net is the only PEP Screening service in Ireland that enriches our PEP data with local insight and updates to ensure our clients are always receiving the most relevant and up-to-date result.

To learn more about the PEP Check Database and AML Compliance, get in touch with our team of experts. We would be delighted to tell you more and discuss the options for your business, on solutions.vision-net@crif.com, or Tel: +353 (01) 906 2330.