According to the Anti-Money Laundering Act (2017:630), we need to know if you are a politically exposed person, a so called PEP. The purpose of the law is to take measures against money laundering and financing of terrorism.
A PEP is an individual who holds, or within the past 18 months has held, an important public function in a state or the management of an international organization. The law also applies to family members and close associates of a PEP.
You should answer YES, I am a PEP if you hold an important public function. The term “important public function” means:
- Heads of state or government, ministers in government and deputy or assistant ministers.
- Members of Parliament.
- Judge of the Supreme Court, constitutional courts or other judicial bodies at high level whose decisions only exceptionally may be appealed.
- Senior officials of audit authorities and members of the central bank’s governing bodies.
- Ambassadors, heads of mission and senior officers in armed forces.
- People included in state-owned companies administrative, management or supervisory body.
You need to answer YES, I am a PEP, if you are an immediate family member of above mentioned individual, such as:
- Wife / husband / registered partner.
- Cohabitation partner.
- Children and their spouses, registered partners or cohabiting partners.
Known associates of a PEP are also covered. This means you need to answer YES, I am a PEP, if you are an:
- Individual who, according to what is known or there is reason to believe, in common with a politically exposed person is a beneficial owner of a legal entity or legal arrangement or who otherwise has or have had close relationships with a politically exposed person.
- Individual who is the sole beneficial owner of a legal entity or legal arrangement which, as is known, or have reason to believe, actually has been prepared for the benefit of a person who is a politically exposed person.