PEP Screening

 🔍 PEP Screening Explained –

The EDD Topic That Gets You Hired in UK BanksIf you master PEPs, you master EDD. This is asked in 90% of HSBC, Barclays, Revolut interviews.What is a PEP?

Politically Exposed Person – Someone with prominent public power, at higher risk for bribery & corruption.4 Types of PEPs (As per JMLSG):

1️⃣ Foreign PEP – Head of state / minister of FOREIGN country. Always High-Risk. EDD mandatory.

2️⃣ Domestic PEP – UK MP / Judge / Senior Civil Servant. Risk-based assessment.

3️⃣ International Org PEP – UN, IMF, World Bank senior officials.

4️⃣ By Association – Family (spouse, children, parents) + Close Associates (business partners). Their risk = PEP's risk.My 5-Step Screening Process at HSBC UK:Screen via World-Check / Dow JonesConfirm True Match – DOB, Nationality, Role (not just name!)Risk Assess – Corruption Index of country, role seniorityEDD – SOF + SOW verification + Senior Management Approval + Enhanced MonitoringOngoing – Monitor for 12-18 months after leaving office, risk-based.

💡 Interview Gold:

Q: "Customer is a PEP, what will you do?"

A: "I will confirm true match, classify PEP type, conduct mandatory EDD with SOF/SOW verification, obtain senior management approval, set enhanced ongoing monitoring, and screen family/associates. If risk cannot be mitigated, recommend exit and consider SAR to NCA per UK MLR, FCA & JMLSG Part 2."Save this – it’s a full interview answer.



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