PEP

Politically Exposed Person “PEP”

This service declares whether or not a person is in a politically exposed position. If your business is subject to the Money Laundering Act, you always have to verify if the customer is a PEP when you are about to enter into a business relationship. We offer verification towards the most extensive and up to date PEP-list in the Nordics.

The PEP verification is a part of KYC (Know-Your-Customer) just like verifications on sanctions lists and beneficial owner.

Content

Person Information
  • First name
  • Surname
  • Gender
  • Personal number (personal identification number of Swedish persons)
  • Picture, link to picture of the person
  • Date
Relations
  • Relation ID
  • Type of relation
Roles
  • Role description: Member of Parliament
  • Country: Sweden, Norway, Denmark or Finland
  • Date: from - to
  • Active: Yes / No
  • Category: Members of parliament
  • Detailed category: Member of national parliament

Who is considered a PEP?

A PEP (Politically Exposed Person) is considered to be a person who has, or has had, an important public function in a country, such as head of state or government, minister or judge of the Supreme Court. In addition, a person who has or has had a function in the management of an international organization is also considered a PEP.

A company must take the risk-based measures needed to determine whether a customer is to be regarded as a person in a politically exposed position. This applies regardless of whether the customer enters into a business relationship with the company or carries out a single transaction of over EUR 15,000 or more transactions that together amount to this amount or more.

If a customer is regarded as a person in a politically exposed position, the company must, in addition to the basic requirements for customer knowledge, take stricter measures. This means always finding out the source of the assets handled within the framework of the business relationship or in a single transaction. In addition, the company shall pursue continuous follow-up of the business relationship and obtain approval from the authorised decision-makers within the company.

When a person at a politically-exposed position has ceased to exercise his or her functions, the stricter measures shall be applied for at least 18 months and until the person is no longer considered to pose a risk to money laundering or terrorism financing.

The provisions governing persons in a politically exposed position shall also apply to family members and well-known employees of persons in a vulnerable position.

For Developers

API name: PEP

Developer Console: developer.roaring.io

Documentation: docs.roaring.io

Available Countries: Sweden, Norway, Denmark, Finland

Example Response:

{
  "pep": true,
  "rca": false,
  "ssns": [
    {
      "ssnTypeId": 1,
      "ssnType": "SwePersonalNumber",
      "currentSsn": "193103249078"
    }
  ],
  "gender": "Male",
  "birthDate": "1931-03-24",
  "imageLink": "https://image.freepik.com/free-icon/protected-person-of-secret-service_318-64589.jpg",
  "pepCountries": [
    "Sweden"
  ],
  "names": [
    {
      "firstName": "Jan",
      "lastName": "Bananberg",
      "nameTypeId": "3",
      "nameType": "Primary name"
    },
    {
      "firstName": "Jan Erik",
      "lastName": "Bananberg",
      "nameTypeId": "4",
      "nameType": "National registry name"
    }
  ],
  "roles": [
    {
      "roleDescription": "Riksdagsledamot",
      "countryOfJurisdiction": "SWE",
      "fromDateYear": 1992,
      "fromDateMonth": 10,
      "fromDateDay": 3,
      "active": false,
      "baseRoleCategoryId": 9,
      "baseRoleCategoryName": "Members of parliament",
      "detailedRoleCategoryId": 54,
      "detailedRoleCategoryName": "Member of national parliament"
    },
    {
      "roleDescription": "Riksdagsledamot",
      "countryOfJurisdiction": "SWE",
      "fromDateYear": 2006,
      "fromDateMonth": 10,
      "fromDateDay": 2,
      "active": false,
      "baseRoleCategoryId": 9,
      "baseRoleCategoryName": "Members of parliament",
      "detailedRoleCategoryId": 54,
      "detailedRoleCategoryName": "Member of national parliament"
    }
  ],
  "relations": [
    {
      "relationPersonId": 55001,
      "relationTypeId": 6,
      "relationType": "Partner"
    },
    {
      "relationPersonId": 55002,
      "relationTypeId": 9,
      "relationType": "Daughter-in-law"
    },
    {
      "relationPersonId": 55003,
      "relationTypeId": 7,
      "relationType": "Son"
    }
  ],
  "personId": 55000
}