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

dc.contributor.author Greenberg, Theodore S.
dc.contributor.author Gray, Larissa
dc.contributor.author Schantz, Delphine
dc.contributor.author Gardner, Carolin
dc.contributor.author Latham, Michael
dc.date.accessioned 2012-03-19T09:33:41Z
dc.date.available 2012-03-19T09:33:41Z
dc.date.issued 2010
dc.description.abstract The 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.abstract En 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.identifier http://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.isbn 978-0-8213-8249-3
dc.identifier.uri http://hdl.handle.net/10986/2441
dc.language English
dc.publisher World Bank
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo
dc.subject ABUSE
dc.subject ABUSES
dc.subject ACCOUNTABILITY
dc.subject ACTION PLAN
dc.subject ACTIVE BRIBERY
dc.subject ANTI-CORRUPTION
dc.subject ANTICORRUPTION
dc.subject ASSETS
dc.subject AUDIT TRAIL
dc.subject BANK ACCOUNTS
dc.subject BANK FOR INTERNATIONAL SETTLEMENTS
dc.subject BANK GOVERNORS
dc.subject BANKING SECTOR
dc.subject BANKING SERVICES
dc.subject BANKING SUPERVISION
dc.subject BANKS
dc.subject BENEFICIAL OWNER
dc.subject BENEFICIAL OWNERS
dc.subject BRIBERY
dc.subject BRIBERY OF FOREIGN PUBLIC OFFICIALS
dc.subject BRIBES
dc.subject BUSINESS ACTIVITIES
dc.subject BUSINESS MODEL
dc.subject BUSINESS PROCESSES
dc.subject BUSINESS RELATIONSHIP
dc.subject BUSINESS RELATIONSHIPS
dc.subject BUSINESSES
dc.subject CAPITAL FLIGHT
dc.subject CENTRAL BANK
dc.subject CENTRAL BANKS
dc.subject CLIENT BASE
dc.subject COMPANY
dc.subject COMPANY FORMATION
dc.subject COMPLAINTS
dc.subject CONFIDENCE
dc.subject COPYRIGHT
dc.subject COPYRIGHT CLEARANCE
dc.subject COPYRIGHT CLEARANCE CENTER
dc.subject CORPORATE ENTITIES
dc.subject CORPORATIONS
dc.subject CORRUPT
dc.subject CORRUPT ACTS
dc.subject CORRUPT OFFICIALS
dc.subject CORRUPT REGIME
dc.subject CORRUPTION
dc.subject CORRUPTION INVESTIGATIONS
dc.subject COUNTRY OF ORIGIN
dc.subject CRIME
dc.subject CRIMINAL
dc.subject CRIMINAL LIABILITY
dc.subject CRIMINALS
dc.subject CURRENCY
dc.subject CUSTOMER BASE
dc.subject CUSTOMER PROFILE
dc.subject CUSTOMER PROFILING
dc.subject CUSTOMER REQUESTS
dc.subject DATA PROTECTION
dc.subject DEPOSIT
dc.subject DEVELOPING COUNTRIES
dc.subject DUE DILIGENCE
dc.subject E-MAIL
dc.subject EMBEZZLEMENT
dc.subject EMPLOYMENT
dc.subject EXPOSURE
dc.subject FINANCIAL ADVISERS
dc.subject FINANCIAL CRIME
dc.subject FINANCIAL INSTITUTION
dc.subject FINANCIAL INSTITUTIONS
dc.subject FINANCIAL INTELLIGENCE
dc.subject FINANCIAL INTELLIGENCE UNIT
dc.subject FINANCIAL INTELLIGENCE UNITS
dc.subject FINANCIAL MARKET
dc.subject FINANCIAL MARKETS
dc.subject FINANCIAL RESOURCES
dc.subject FINANCIAL SECTOR
dc.subject FINANCIAL SERVICES
dc.subject FINANCIAL SYSTEM
dc.subject FINANCIAL SYSTEMS
dc.subject FRAUD
dc.subject GOVERNANCE RESPONSIBILITIES
dc.subject GOVERNMENT REVENUES
dc.subject GRAND CORRUPTION
dc.subject GROSS DOMESTIC PRODUCT
dc.subject HARMONIZATION
dc.subject INCOME
dc.subject INDIVIDUALS
dc.subject INDUSTRY STANDARDS
dc.subject INITIATIVE
dc.subject INTEGRITY
dc.subject INTERNATIONAL BANKING
dc.subject INTERNATIONAL BANKS
dc.subject INTERNATIONAL COOPERATION
dc.subject INTERNATIONAL STANDARD
dc.subject INTERNATIONAL STANDARDS
dc.subject INVESTIGATIONS
dc.subject INVESTMENT CLIMATE
dc.subject JUDICIARY
dc.subject JURISDICTION
dc.subject JURISDICTIONS
dc.subject JUSTICE
dc.subject LAW ENFORCEMENT
dc.subject LAWS
dc.subject LAWYERS
dc.subject LEGAL ENTITIES
dc.subject LEGAL PERSON
dc.subject LEGAL PERSONS
dc.subject LEGAL PROFESSIONALS
dc.subject LEGAL PROVISIONS
dc.subject LEGAL RISKS
dc.subject LEGISLATION
dc.subject LICENSES
dc.subject LIMITED
dc.subject LIMITED ACCESS
dc.subject MACROECONOMIC STABILITY
dc.subject MANAGEMENT SYSTEMS
dc.subject MATERIAL
dc.subject MEDIA
dc.subject MEMBER STATE
dc.subject MEMBER STATES
dc.subject MINISTER
dc.subject MINISTERS
dc.subject MISAPPROPRIATION
dc.subject MONEY LAUNDERING
dc.subject NATIONAL LAW
dc.subject NATURAL PERSONS
dc.subject NATURAL RESOURCES
dc.subject NEGOTIABLE INSTRUMENTS
dc.subject NEW PRODUCT
dc.subject OFFENSES
dc.subject OFFICE HOLDER
dc.subject OFFICE HOLDERS
dc.subject PASSIVE BRIBERY
dc.subject PEER REVIEW
dc.subject PENALTY
dc.subject PERSONAL GAIN
dc.subject PERSONS
dc.subject PHOTOS
dc.subject POLITICAL PARTIES
dc.subject POLITICAL PARTY
dc.subject POLITICIANS
dc.subject PRIVATE BANKING
dc.subject PRIVATE INVESTMENT
dc.subject PRIVATE SECTOR
dc.subject PRIVATE SECTOR DEVELOPMENT
dc.subject PROSECUTION
dc.subject PROSECUTIONS
dc.subject PROSECUTOR
dc.subject PROSECUTORS
dc.subject PUBLIC AGENCIES
dc.subject PUBLIC ASSETS
dc.subject PUBLIC ENTERPRISES
dc.subject PUBLIC INFORMATION
dc.subject PUBLIC OFFICIAL
dc.subject PUBLIC OFFICIALS
dc.subject QUERIES
dc.subject REAL ESTATE
dc.subject REGULATOR
dc.subject REGULATORS
dc.subject REGULATORY AUTHORITIES
dc.subject REGULATORY AUTHORITY
dc.subject REGULATORY FRAMEWORK
dc.subject REGULATORY FRAMEWORKS
dc.subject REGULATORY REQUIREMENTS
dc.subject REPUTATION
dc.subject REPUTATIONS
dc.subject RESULT
dc.subject RESULTS
dc.subject RISK MANAGEMENT
dc.subject RULE OF LAW
dc.subject SANCTIONS
dc.subject SCANDALS
dc.subject SERVICE DELIVERY
dc.subject SERVICE PROVIDERS
dc.subject SMALL BANKS
dc.subject SOCIAL SERVICE
dc.subject STAKEHOLDERS
dc.subject STATE ASSETS
dc.subject SUBSIDIARY
dc.subject TECHNICAL EXPERTISE
dc.subject TELEPHONE
dc.subject TERRORISM
dc.subject THEFT
dc.subject TIME PERIOD
dc.subject TRANSACTION
dc.subject TRANSITION COUNTRIES
dc.subject TRANSPARENCY
dc.subject UNION
dc.subject VERIFICATION
dc.title Politically Exposed Persons : Preventive Measures for the Banking Sector en
dc.title Personas expuestas políticamente : medidas preventivas para el sector bancario es
dc.title.alternative Personas expuestas politicamente : medidas preventivas para el sector bancario es
dspace.entity.type Publication
okr.date.disclosure 2010-04-27
okr.doctype Publications & Research :: Publication
okr.doctype Publications & Research :: Publication
okr.docurl http://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.globalpractice Finance and Markets
okr.globalpractice Governance
okr.globalpractice Transport and ICT
okr.globalpractice Trade and Competitiveness
okr.identifier.doi 10.1596/978-0-8213-8249-3
okr.identifier.externaldocumentum 000333038_20100427011931
okr.identifier.internaldocumentum 12153742
okr.identifier.report 54250
okr.language.supported en
okr.language.supported es
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/04/27/000333038_20100427011931/Rendered/PDF/542500PUB0Expo101Official0Use0Only1.pdf en
okr.pdfurl http://documents.worldbank.org/curated/en/916151468336018465/pdf/542500PUB0SPAN0PUBLIC00PEPs0Spanish.pdf es
okr.peerreview Academic Peer Review
okr.statistics.combined 9960
okr.statistics.dr 611261468155103854
okr.statistics.drstats 4478
okr.topic Private Sector Development :: E-Business
okr.topic Law and Development :: Corporate Law
okr.topic Finance and Financial Sector Development :: Banks & Banking Reform
okr.topic Private Sector Development :: Emerging Markets
okr.topic Public Sector Corruption and Anticorruption Measures
okr.topic Public Sector Development
okr.txturl http://documents.worldbank.org/curated/en/916151468336018465/text/542500PUB0SPAN0PUBLIC00PEPs0Spanish.txt es
okr.unit Financial Market Integrity (FPDFI)
okr.volume 1 of 1
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