{"id":4064,"date":"2026-07-17T08:00:00","date_gmt":"2026-07-17T06:00:00","guid":{"rendered":"https:\/\/j-cred.co.za\/helpcenter\/politically-exposed-persons-and-the-risk-based-approach\/"},"modified":"2026-07-17T08:00:00","modified_gmt":"2026-07-17T06:00:00","password":"","slug":"politically-exposed-persons-and-the-risk-based-approach","status":"publish","type":"docs","link":"https:\/\/j-cred.co.za\/zh\/helpcenter\/politically-exposed-persons-and-the-risk-based-approach\/","title":{"rendered":"Politically Exposed Persons and the Risk-Based Approach"},"content":{"rendered":"<p>A risk-based approach means applying the right level of due diligence to the right customer, based on how much risk they present.<\/p>\n<h2>Who is a politically exposed person (PEP)?<\/h2>\n<p>A PEP is someone who holds, or has held, a prominent public position \u2014 such as a senior government official \u2014 and by extension their family members and close associates.<\/p>\n<h2>Why PEPs need extra care<\/h2>\n<p>Because of their position, PEPs may present a higher risk of corruption or money laundering. Organisations typically apply <strong>enhanced due diligence<\/strong>, including senior-management approval and closer monitoring of the relationship.<\/p>\n<h2>The risk-based approach<\/h2>\n<ul>\n<li>Assess the customer and the product or service for risk.<\/li>\n<li>Apply simplified, standard or enhanced due diligence accordingly.<\/li>\n<li>Review and adjust as the relationship evolves.<\/li>\n<\/ul>\n<p>This approach focuses effort where it is most needed rather than treating every customer the same.<\/p>\n<p><em>This article is for general education and is not legal advice. Always confirm the latest requirements with the relevant regulator or your service provider.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>A risk-based approach means applying the right level of due diligence to the right customer, based on how much risk they present. Who is a politically exposed person (PEP)? A PEP is someone who holds, or has held, a prominent public position \u2014 such as a senior government official \u2014 and by extension their family members and close associates. Why PEPs need extra care Because of their position, PEPs may present a higher risk of corruption or money laundering. Organisations typically apply enhanced due diligence, including senior-management approval and closer monitoring of the relationship. The risk-based approach Assess the customer and the product or service for risk. Apply simplified, standard or enhanced due diligence accordingly. Review and adjust as the relationship evolves. This approach focuses effort where it is most needed rather than treating every customer the same. This article is for general education and is not legal advice. Always confirm the latest requirements with the relevant regulator or your service provider.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_eb_attr":"","_templately_pack_id":"","_templately_imported_at":"","_templately_source":"","_templately_import_session_id":"","footnotes":""},"doc_category":[37],"doc_tag":[],"class_list":["post-4064","docs","type-docs","status-publish","hentry","doc_category-fica-cdd"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":8}},"year_month":"2026-10","word_count":160,"total_views":"3","reactions":{"happy":"0","normal":"0","sad":"0"},"author_info":{"name":"KTO Digital Admin","author_nicename":"tsholo","author_url":"https:\/\/j-cred.co.za\/zh\/author\/tsholo\/"},"doc_category_info":[{"term_name":"FICA &amp; Customer Due Diligence","term_url":"https:\/\/j-cred.co.za\/zh\/docs-category\/telecom-compliance\/fica-cdd\/"}],"doc_tag_info":[],"_links":{"self":[{"href":"https:\/\/j-cred.co.za\/zh\/wp-json\/wp\/v2\/docs\/4064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/j-cred.co.za\/zh\/wp-json\/wp\/v2\/docs"}],"about":[{"href":"https:\/\/j-cred.co.za\/zh\/wp-json\/wp\/v2\/types\/docs"}],"author":[{"embeddable":true,"href":"https:\/\/j-cred.co.za\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/j-cred.co.za\/zh\/wp-json\/wp\/v2\/comments?post=4064"}],"version-history":[{"count":0,"href":"https:\/\/j-cred.co.za\/zh\/wp-json\/wp\/v2\/docs\/4064\/revisions"}],"wp:attachment":[{"href":"https:\/\/j-cred.co.za\/zh\/wp-json\/wp\/v2\/media?parent=4064"}],"wp:term":[{"taxonomy":"doc_category","embeddable":true,"href":"https:\/\/j-cred.co.za\/zh\/wp-json\/wp\/v2\/doc_category?post=4064"},{"taxonomy":"doc_tag","embeddable":true,"href":"https:\/\/j-cred.co.za\/zh\/wp-json\/wp\/v2\/doc_tag?post=4064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}