Text for CQS CPMS Policy
CQS Policy: Politically Exposed Persons (PEPs)
Purchase this policy: Anti-Money Laundering Policy
- Change date
- 22/02/2024
- Word count
- 78
- Deployment measure
- 7/10
Rationale
Draft wording in light of the recent amendment to the regulations relating to Politically exposed persons taking effect as of 10th January 2024. The firm's policy should make it clear overseas PEPs are subject to a higher standard of EDD.
As a result of the amendment to the money laundering regulations in January 2024, domestic
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