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Título :	Challenges Of Identifying And Monitoring Politically Exposed Persons (Peps) In Latin America
Autor :	Clavijo Suntura, Joel Harry Rosero Rosero, Piedad Maribel Aragón Cuamacás, Gloria Esperanza
Orcid:	https://orcid.org/0000-0001-7708-0174 https://orcid.org/0000-0001-8140-6739 https://orcid.org/0000-0002-9536-3255
Tipo docuemento:	Article
Keywords :	POLITICALLY EXPOSED PERSONS;FINANCIAL INTELLIGENCE UNITS;IDENTIFICATION;MONITORING;RISK;LATIN AMERICA;LATIN AMERICA
Fecha de publicación :	19-nov-2025
Fecha de creación :	23-jul-2020
Editorial :	Emerald Publishing Limited
Abstract:	Purpose – The purpose of this paper is to analyze politically exposed persons (PEPs) according to Financial Action Task Force (FATF) Recommendations and assess the identification process followed by financial institutions to create a harmonized regional model for PEPs identification in LatinAmerica. Design/methodology/approach – FATF Recommendation No.12 states that financial institutions should identify PEPs. To do so, the latter uses either an internal identification system or an external database. Within this framework, the purpose of the research work is to determine whether the procedure adopted by the regulated entities complies with the requirements of the regulations. Both analytical and interpretative methods have been used for this purpose. Findings – In accordance with FATF Recommendation No.12, national and foreign PEPs, as well as officials of relevant international organizations, close relatives and closest associates must be identified. This wide range of people forms an hybrid type of PEPs. Because of the lack of a harmonized identification policy, it is likely that some people who meet these conditionsmay not be spotted. Originality/value – PEPs control success relies on accurate and prompt identification. Therefore, it is crucial to create an inter-state model of harmonized identification at a regional level in Latin America. It includes not only the participation of the obligated subjects but also the sector entities associated to the concerned economic activity.
URI :	https://repositorio.utn.edu.ec/handle/123456789/18008
Url del recurso:	https://www.emerald.com/insight/content/doi/10.1108/JMLC-05-2020-0061/full/html
ISSN :	1368-5201
Ciudad. País:	Inglaterra
Grado Académico:	N/A
Aparece en las colecciones:	Artículos

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