Firstly, it's important to understand what a politically exposed person (PEP) is. A PEP is an individual who holds a prominent public function, or has close family ties to someone who does. This includes heads of state, government ministers, and high-ranking officials in international organizations. Due to their positions, PEPs may pose a higher risk for involvement in bribery, corruption, money laundering, or terrorist financing.
To manage due diligence with PEPs, Orange ZA will take the following steps:
Orange makes use of reliable PEP verification tools to screen customers, vendors, and other business partners against global PEP watchlists. This will help us to identify any individuals who may pose a higher risk.
For this purpose, we use tools provided by service providers such as:
This includes (and not limited to) verification watchlists provided by the following organizations and entities: