Smart Infotech

How do you curb financial frauds done by people from political backgrounds without identifying them? How do you realize that your platform is getting used by people of prime importance as an easy way to launder money?  That's where the process of PEP Screening comes to your aid. PEP screening is the process via which a platform identifies whether the user on their platform is a Politically Exposed Person (PEP). To avoid your platform from getting used for money laundering or other criminal activities like terror financing, PEP screening is important. Though, that does not conclude that all the PEPs are involved in criminal or fraudulent activities. Screening for politically exposed persons is a crucial task of financial institutions' Anti-Money Laundering (AML) initiatives. Politically exposed persons' screening requirements may also apply to their close relatives and associates (CRAs).  Although, that becomes a very arduous task as peoples' relationships with each oth...