Organizations subject to Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) legislation must identify clients who hold or have held prominent public functions, as well as their immediate family members or close associates, referred to as Politically Exposed Persons (PEPs).
While many organizations rely on international databases to identify PEPs, a significant challenge lies in the lack of inclusion of PEPs from the Dutch Caribbean. To address this, Compliance & Forensic Services Caribbean, as a partner of PEP Caribbean B.V., offers a specialized PEP (Dutch) Caribbean Database based on publicly available information, updated weekly.
Database Options
1. PEP Online:
- A searchable online database by last name, first name, nickname, or alias.
- Ideal for small organizations without automated monitoring systems.
2. PEP Online + Monitoring Integration:
- Includes the features of Option 1.
- Integrates with your organization’s AML/CFT monitoring system for real-time PEP matches.
- Suitable for organizations with automated monitoring systems.
3. PEP Online + Periodic List Matching:
- Includes the features of Option 1.
- Allows periodic uploads of your client list for PEP matching.
- Generates reports on confirmed and potential matches, enabling manual evaluation for future comparisons.
Contact us today to learn more about our database and how we can enhance your compliance processes.
