Publication:
Politically Exposed Persons : Preventive Measures for the Banking Sector

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dc.contributor.authorGreenberg, Theodore S.
dc.contributor.authorGray, Larissa
dc.contributor.authorSchantz, Delphine
dc.contributor.authorGardner, Carolin
dc.contributor.authorLatham, Michael
dc.date.accessioned2012-03-19T09:33:41Z
dc.date.available2012-03-19T09:33:41Z
dc.date.issued2010
dc.description.abstractThe paper is focused on the banking sector, not on other financial and nonfinancial sectors vulnerable to the laundering of corrupt funds. These other sectors may find the recommendations and good practices provided in this paper relevant, but should analyze the findings of this paper in light of their particular circumstances and specific features. The paper includes a number of practical tools to help guide banks, regulators, and other public authorities. The paper is organized into four major parts: the remainder of this part (part one) sets out some of the main observations and trends in politically exposed person (PEPs) compliance and an analysis of the principal reasons for poor compliance and overall ineffectiveness of systems to detect and monitor PEPs. Part two focuses on the implementation of PEP measures by regulatory authorities and banks. Part three reviews the roles of the public authorities that are primarily involved in preventing abuse by corrupt PEPs. These authorities include the regulatory authority, which is responsible for providing guidance to banks and enforcing compliance, as well as the financial intelligence unit (FIU), which has a role in the context of suspicious transaction reports (STRs) on PEPs. Finally, part four considers some of the cross-cutting issues national cooperation, training, and resources that must be addressed by all stakeholders.en
dc.description.abstractEn años recientes las revelaciones de gran corrupción y saqueo de bienes del Estado han fomentado un mayor escrutinio de las relaciones financieras con Personas Expuestas Políticamente (PEPs), es decir, funcionarios públicos prominentes y sus familiares y estrechos colaboradores. En general aún se implementan las normas internacionales para las Personas Expuestas Políticamente de manera efectiva, a pesar de los esfuerzos realizados por una gama de instituciones financieras y autoridades regulatorias para impedir que las PEPs corruptas se introduzcan en el sistema financiero y lo utilicen para lavar el producto de la corrupción. La implementación de un sistema efectivo para las PEPs es un componente esencial de la prevención y detección de transferencias del producto del delito y, en última instancia, del proceso de recuperación de los bienes robados. Este libro ofrece recomendaciones y buenas prácticas para fortalecer el cumplimiento de las normas internacionales y ampliar la efectividad de la supervisión. Es una herramienta importante para individuos, gobiernos, financieras, empresas del sector privado y organizaciones internacionales que trabajan en la elaboración e implementación de normas para combatir la corrupción y el lavado de dinero, y la recuperación de los bienes robados.es
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100427011931
dc.identifier.doi10.1596/978-0-8213-8249-3
dc.identifier.isbn978-0-8213-8249-3
dc.identifier.urihttps://hdl.handle.net/10986/2441
dc.languageEnglish
dc.publisherWorld Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectABUSE
dc.subjectABUSES
dc.subjectACCOUNTABILITY
dc.subjectACTION PLAN
dc.subjectACTIVE BRIBERY
dc.subjectANTI-CORRUPTION
dc.subjectANTICORRUPTION
dc.subjectASSETS
dc.subjectAUDIT TRAIL
dc.subjectBANK ACCOUNTS
dc.subjectBANK FOR INTERNATIONAL SETTLEMENTS
dc.subjectBANK GOVERNORS
dc.subjectBANKING SECTOR
dc.subjectBANKING SERVICES
dc.subjectBANKING SUPERVISION
dc.subjectBANKS
dc.subjectBENEFICIAL OWNER
dc.subjectBENEFICIAL OWNERS
dc.subjectBRIBERY
dc.subjectBRIBERY OF FOREIGN PUBLIC OFFICIALS
dc.subjectBRIBES
dc.subjectBUSINESS ACTIVITIES
dc.subjectBUSINESS MODEL
dc.subjectBUSINESS PROCESSES
dc.subjectBUSINESS RELATIONSHIP
dc.subjectBUSINESS RELATIONSHIPS
dc.subjectBUSINESSES
dc.subjectCAPITAL FLIGHT
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCLIENT BASE
dc.subjectCOMPANY
dc.subjectCOMPANY FORMATION
dc.subjectCOMPLAINTS
dc.subjectCONFIDENCE
dc.subjectCOPYRIGHT
dc.subjectCOPYRIGHT CLEARANCE
dc.subjectCOPYRIGHT CLEARANCE CENTER
dc.subjectCORPORATE ENTITIES
dc.subjectCORPORATIONS
dc.subjectCORRUPT
dc.subjectCORRUPT ACTS
dc.subjectCORRUPT OFFICIALS
dc.subjectCORRUPT REGIME
dc.subjectCORRUPTION
dc.subjectCORRUPTION INVESTIGATIONS
dc.subjectCOUNTRY OF ORIGIN
dc.subjectCRIME
dc.subjectCRIMINAL
dc.subjectCRIMINAL LIABILITY
dc.subjectCRIMINALS
dc.subjectCURRENCY
dc.subjectCUSTOMER BASE
dc.subjectCUSTOMER PROFILE
dc.subjectCUSTOMER PROFILING
dc.subjectCUSTOMER REQUESTS
dc.subjectDATA PROTECTION
dc.subjectDEPOSIT
dc.subjectDEVELOPING COUNTRIES
dc.subjectDUE DILIGENCE
dc.subjectE-MAIL
dc.subjectEMBEZZLEMENT
dc.subjectEMPLOYMENT
dc.subjectEXPOSURE
dc.subjectFINANCIAL ADVISERS
dc.subjectFINANCIAL CRIME
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTELLIGENCE
dc.subjectFINANCIAL INTELLIGENCE UNIT
dc.subjectFINANCIAL INTELLIGENCE UNITS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFRAUD
dc.subjectGOVERNANCE RESPONSIBILITIES
dc.subjectGOVERNMENT REVENUES
dc.subjectGRAND CORRUPTION
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHARMONIZATION
dc.subjectINCOME
dc.subjectINDIVIDUALS
dc.subjectINDUSTRY STANDARDS
dc.subjectINITIATIVE
dc.subjectINTEGRITY
dc.subjectINTERNATIONAL BANKING
dc.subjectINTERNATIONAL BANKS
dc.subjectINTERNATIONAL COOPERATION
dc.subjectINTERNATIONAL STANDARD
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTIGATIONS
dc.subjectINVESTMENT CLIMATE
dc.subjectJUDICIARY
dc.subjectJURISDICTION
dc.subjectJURISDICTIONS
dc.subjectJUSTICE
dc.subjectLAW ENFORCEMENT
dc.subjectLAWS
dc.subjectLAWYERS
dc.subjectLEGAL ENTITIES
dc.subjectLEGAL PERSON
dc.subjectLEGAL PERSONS
dc.subjectLEGAL PROFESSIONALS
dc.subjectLEGAL PROVISIONS
dc.subjectLEGAL RISKS
dc.subjectLEGISLATION
dc.subjectLICENSES
dc.subjectLIMITED
dc.subjectLIMITED ACCESS
dc.subjectMACROECONOMIC STABILITY
dc.subjectMANAGEMENT SYSTEMS
dc.subjectMATERIAL
dc.subjectMEDIA
dc.subjectMEMBER STATE
dc.subjectMEMBER STATES
dc.subjectMINISTER
dc.subjectMINISTERS
dc.subjectMISAPPROPRIATION
dc.subjectMONEY LAUNDERING
dc.subjectNATIONAL LAW
dc.subjectNATURAL PERSONS
dc.subjectNATURAL RESOURCES
dc.subjectNEGOTIABLE INSTRUMENTS
dc.subjectNEW PRODUCT
dc.subjectOFFENSES
dc.subjectOFFICE HOLDER
dc.subjectOFFICE HOLDERS
dc.subjectPASSIVE BRIBERY
dc.subjectPEER REVIEW
dc.subjectPENALTY
dc.subjectPERSONAL GAIN
dc.subjectPERSONS
dc.subjectPHOTOS
dc.subjectPOLITICAL PARTIES
dc.subjectPOLITICAL PARTY
dc.subjectPOLITICIANS
dc.subjectPRIVATE BANKING
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPROSECUTION
dc.subjectPROSECUTIONS
dc.subjectPROSECUTOR
dc.subjectPROSECUTORS
dc.subjectPUBLIC AGENCIES
dc.subjectPUBLIC ASSETS
dc.subjectPUBLIC ENTERPRISES
dc.subjectPUBLIC INFORMATION
dc.subjectPUBLIC OFFICIAL
dc.subjectPUBLIC OFFICIALS
dc.subjectQUERIES
dc.subjectREAL ESTATE
dc.subjectREGULATOR
dc.subjectREGULATORS
dc.subjectREGULATORY AUTHORITIES
dc.subjectREGULATORY AUTHORITY
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY FRAMEWORKS
dc.subjectREGULATORY REQUIREMENTS
dc.subjectREPUTATION
dc.subjectREPUTATIONS
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectRISK MANAGEMENT
dc.subjectRULE OF LAW
dc.subjectSANCTIONS
dc.subjectSCANDALS
dc.subjectSERVICE DELIVERY
dc.subjectSERVICE PROVIDERS
dc.subjectSMALL BANKS
dc.subjectSOCIAL SERVICE
dc.subjectSTAKEHOLDERS
dc.subjectSTATE ASSETS
dc.subjectSUBSIDIARY
dc.subjectTECHNICAL EXPERTISE
dc.subjectTELEPHONE
dc.subjectTERRORISM
dc.subjectTHEFT
dc.subjectTIME PERIOD
dc.subjectTRANSACTION
dc.subjectTRANSITION COUNTRIES
dc.subjectTRANSPARENCY
dc.subjectUNION
dc.subjectVERIFICATION
dc.titlePolitically Exposed Persons : Preventive Measures for the Banking Sectoren
dc.titlePersonas expuestas políticamente : medidas preventivas para el sector bancarioes
dc.title.alternativePersonas expuestas politicamente : medidas preventivas para el sector bancarioes
dspace.entity.typePublication
okr.date.disclosure2010-04-27
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100427011931
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTransport and ICT
okr.globalpracticeTrade and Competitiveness
okr.guid611261468155103854
okr.guid486191468315352404
okr.guid916151468336018465
okr.identifier.doi10.1596/978-0-8213-8249-3
okr.identifier.externaldocumentum000333038_20100427011931
okr.identifier.internaldocumentum12153742
okr.identifier.report54250
okr.language.supporteden
okr.language.supportedes
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/04/27/000333038_20100427011931/Rendered/PDF/542500PUB0Expo101Official0Use0Only1.pdfen
okr.pdfurlhttp://documents.worldbank.org/curated/en/916151468336018465/pdf/542500PUB0SPAN0PUBLIC00PEPs0Spanish.pdfes
okr.peerreviewAcademic Peer Review
okr.statistics.combined16577
okr.statistics.dr611261468155103854
okr.statistics.drstats10567
okr.topicPrivate Sector Development::E-Business
okr.topicLaw and Development::Corporate Law
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicPublic Sector Corruption and Anticorruption Measures
okr.topicPublic Sector Development
okr.txturlhttp://documents.worldbank.org/curated/en/916151468336018465/text/542500PUB0SPAN0PUBLIC00PEPs0Spanish.txtes
okr.unitFinancial Market Integrity (FPDFI)
okr.volume1 of 1
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