PEPs & Sanctions Settings Explanatory Notes

PEPs & Sanctions Settings Explanatory Notes

As part of your portal setup, PEPs & Sanctions settings are applied. Please read the below carefully, which explains each area.

To view your defaulted settings, please click below:

PEPs & Sanctions Settings Explained

Datasets

PEPs: Individuals currently employed in positions identified as politically exposed.

Former PEPs: Individuals who ceased being employed in positions identified as politically exposed within the last 12 months.

PEPs by association: Individuals identified as relatives and/or close associates of peps.

Sanctions: Individuals currently subject to financial sanctions.

Former Sanctions: Individuals previously designated by a sanction body.

Adverse media: Individuals mentioned on government/court websites and/or reputable mass media for crimes relating to terrorism, organised crime, modern slavery, financial crime and fraud, bribery and corruption, and cybercrime.

Law enforcement: Individuals named in press releases by law enforcement (e.g. Metropolitan Police, City of London Police) as well as published lists (e.g. Serious Crime Prevention Orders as published by the National Crime Agency).

Disqualified Director: Individuals on the Companies House Disqualified Directors Register.

PEP Tiers

Tier 1: As per enclosed list.

Tier 2: As per enclosed list.

Tier 3: As per enclosed list.

All: Search for roles within all 3 tiers.

Under UK Regulations, only roles within Tiers 1 and 2 are considered peps. An All-Tiers configuration will result in more false-positives.

Countries

All: This identifies peps and sanctioned individuals globally rather than limiting the partner to a specific country.

Date of Birth

None: Date of birth will not be considered when performing a pep and sanction check. This configuration will result in the most false-positives.

Exact Match: A profile will only be returned if there is a name match, and an exact date of birth match.

Year of Birth: A profile will only be returned if there is a name match, and year of birth match.

Include matches without a date of birth: 51% of peps do not have a date of birth registered against them. When Exact Match or Year of Birth is configured on, by default profiles without a date of birth will not be returned. This configuration enables partners to set strict criteria (e.g. Exact Match or Year of Birth) without missing potential true peps for whom a date of birth is not registered.

Name Match

Exact Match: A profile will only be returned if there is an exact forename and surname match, or an exact Alias match.

Fuzzy Match: A profile will be returned if there are up to two character differences between the input name and the profile/alias name (e.g. Elliott vs Elliot, Stephen vs Steven).