Definition of PEP
A politically exposed person is a natural person who holds, or who held up to one year ago, a prominent public function, unless the office is only junior or middle-ranking. The following count:
(a) heads of State, heads of government, ministers, deputy ministers, secretaries of state and prominent party officials
(b) members of parliament or of comparable national legislative bodies
(c) members of supreme courts, constitutional courts or other high-ranking judicial bodies whose decisions cannot be appealed, except in exceptional circumstances
(d) members of courts of auditors, or of the administrative or managing bodies of central banks
(e) ambassadors, chargés d'affaires and high-ranking officers in the armed forces
(f) members of the administrative, managing or supervisory bodies of state-owned enterprises
(g) directors, deputy directors, members of the executive body and similar office holders at international governmental organisations
Not included: regional and cantonal parliaments, mayors, honorary consuls and similar.
Family members
(a) the spouse
(b) the partner considered equivalent to a spouse
(c) children and their spouses or partners
(d) parents
(e) siblings
Persons known to be close associates
(a) persons known to have joint beneficial ownership of a legal entity with a PEP, or other close business relations with a PEP
(b) persons with sole beneficial ownership of a legal entity known to have been set up for the de facto benefit of a PEP
(c) persons closely connected socially or politically with a PEP