Knowledge Base

Which screening tool is used to identify PEPs, according to the text provided?

LSEG World-Check

LexisNexis Risk Insight

Dow Jones Compliance Center

ComplyAdvantage

Which document is required to justify the origin of a PEP's funds under enhanced due diligence obligations?

Employment contract

Tax notice

Deed of succession

Bank statements

What is the recommended frequency for periodic screening of the client base against PEP databases for large institutions?

Weekly

Monthly

Daily

Quarterly

Categorize items by dragging them to the appropriate zones

Items to categorize:

Married spouse

Child

Joint beneficial owner of the same legal entity

Categories:

Family members

Closely associated persons

How long does PEP status persist after the cessation of functions, according to Article R.561-18 I of the CMF?

6 months

1 year

2 years

3 years

Definition of a PEP under Article L.561-10 1° of the CMF

Click to see answer

Broad ranges such as '0 to 500,000 euros' are considered sufficient for estimating a PEP's assets according to ACPR decision no. 2015-08.

True

False

A detection process based solely on client declarations is sufficient for identifying PEPs, according to ACPR decision no. 2014-07.

True

False