Politically Exposed Persons (PEP) are individuals who are or have been entrusted with prominent public functions, as follows:

• Heads of State, heads of government, ministers and deputy ministers or assistant ministers;
• Members of parliament or of other legislative bodies;
• Members of supreme courts, of constitutional courts or of other high-level judicial bodies, the decisions of which are not subject to appeal, except in exceptional circumstances;
• Members of a court of auditors;
• Members of the boards of central banks;
• Ambassadors and charges d'affaires;
• High-ranking officers in the armed forces;
• Members of the administrative, management or supervisory bodies of State-owned enterprises and wholly State-owned commercial corporations;
• Municipality mayors and deputy mayors, borough mayors and deputy mayors and chairpersons of a municipal council;
• Members of the governing bodies of political parties;
• Heads and deputy heads of international organisations, members of the management or supervisory bodies at international organisations or persons performing an equivalent function in any such organisations.

PEP "family members" or "close associates" are defined as any of the following:

• Spouse or concubine;
• First-degree descendant;
• Spouse or concubine of a first-degree descendant;
• First-degree ascendant;
• Spouse or concubine of a first-degree ascendant;
• Second-degree relative;
• Spouse or concubine of a second-degree relative;
• Partner in a joint beneficial ownership of a legal person/entity;
• Close commercial, professional or other business associate;
• Sole owner / sole beneficial owner of a legal person/entity set up for the benefit of a PEP.