The text mentions several database providers for PEP screening, including LSEG World-Check, which covers more than one hundred thousand sources across two hundred and forty countries and sixty-four languages. This tool is essential to complement client self-declarations.

Enhanced due diligence obligations require a thorough investigation of the origin of wealth and funds. Required supporting documents include payslips, tax notices, or deeds of succession. These documents are necessary to verify the legitimacy of the funds.

The text indicates that periodic screening should be performed daily for large institutions in order to continuously detect changes in the status of existing clients.

Under Article R.561-18 II and III of the CMF, family members include the spouse and children, while closely associated persons include joint beneficial owners and persons known to maintain significant business ties.

Under Article R.561-18 I of the CMF, PEP status persists for one year after the cessation of functions. This means that enhanced due diligence obligations apply during this period for clients who have held political, judicial, or administrative functions.

A PEP is any person exposed to particular risks by reason of the political, judicial, or administrative functions they hold or have held on behalf of a state, or those held or previously held by direct family members or persons known to be closely associated with them.

ACPR decision no. 2015-08 states that broad ranges for estimating assets are insufficient. A precise estimate is required to comply with enhanced due diligence obligations. For example, a detailed estimate such as 'between 400,000 euros and 450,000 euros' would be acceptable.

ACPR decision no. 2014-07 states that a detection process based solely on client declarations is insufficient. It is necessary to supplement this self-declaration with automated screening against specialised databases for reliable PEP identification.