Issue 659 (Week ending 14/01/2025)

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.

What Is A PEP?

A politically exposed person (PEP) is an individual who has been entrusted with a prominent public function. The 6th Directive on AML requires Credit Unions and Financial Institutions to screen and identify PEPs in their Irish customer base.

How Can We Help?

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.

A recent change in legislation (SEPA), means many Finance and Insurance companies are now required to run daily PEP/FS checks and monitoring as part of their AML. This is a significant switch away from the more traditional monthly PEP/FS monitoring.

To learn more about how CRIFVision-net can help you to fulfil your compliance needs, simply call us on Tel (01) 906 2330 or email us at solutions.vision-net@crif.com.