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- DictionaryPep/pep/
noun
- 1. energy and high spirits; liveliness: "he was an enthusiastic player, full of pep and fight"
verb
- 1. add liveliness or vigor to someone or something: "measures to pep up the economy"
In financial regulation, a politically exposed person (PEP) is one who has been entrusted with a prominent public function. A PEP generally presents a higher risk for potential involvement in bribery and corruption by virtue of their position and the influence they may hold.
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Pep is a high spirited kind of energy. It takes a lot of pep (and pom-poms) to be a cheerleader. Watching a school play in which the actors are full of pep is a lot more fun than seeing lethargic performers halfheartedly go through the motions.
134 definitions of PEP. Meaning of PEP. What does PEP stand for? PEP abbreviation. Define PEP at AcronymFinder.com
Rank Abbr.MeaningPost Exposure ProphylaxisPME (Professional Military Education) ...Psychoanalytic Electronic PublishingAug 15, 2024 · Learn what a Politically Exposed Person (PEP) is, why PEP verification is crucial for AML compliance, and how to effectively use PEP Lists to mitigate risks in financial transactions.
- Peps in Government Roles
- Peps in Organizations and Institutions
- Known ‘Close Associates’ Who Are Considered Peps
- Immediate Family Members Who Are Considered Peps
- Test Yourself: Are These People Peps?
Legislative Bodies: An example is a Member of ParliamentExecutive Bodies:A PEP could range from the head of state down to the assistant ministersDiplomatic Roles:Ambassadors or chargé d’affaires would be considered PEPsJudiciary Bodies:Key people working within supreme courts, constitutional courts or high-level judicial bodiesCentral Financial Institutions:Examples here would be the Court of Auditors and members on the boards of central banksArmed Forces:In this situation a PEP rating would typically only apply to a high-ranking officerInternational Sports Committees:Members of these committees may be influenced to vote on the location of major sporting events/contracts for building venues, etc., so have recently been included by...Anyone with a close business relationship or joint beneficial ownership of legal entities or legal arrangements with a PEPAnyone who has the sole beneficial ownership of a legal entity which is known to have been set up for the benefit de facto of the PEPParents and children of PEPsSpouse or partnerSiblingsUncles and auntsThe mayor of ParisA former member of the board of directors for a state-owned enterpriseA famous actressHead of the Olympic CommitteeThere is no international consensus on the definition of a PEP but the Financial Action Task Force defines a PEP as “an individual who is or has been entrusted with a prominent public function.” FATF’s guidance is held by many countries and organizations as the benchmark test of who may be a PEP.
PEP meaning: 1. energy, or a willingness to be active 2. abbreviation for post-exposure prophylaxis: treatment…. Learn more.
