On June 27th, 2013 the Financial Action Task Force (FATF) issued revised guidance on the topic of Politically Exposed Persons (Recommendations 12 and 22).

“The FATF has developed guidance which will assist in the effective implementation of these additional measures for foreign, domestic and international organisation PEPs, their family members and close associates, as set out in Recommendations 12 and 22.” (Source: FATF website last updated on June, 2013)