Domestic PEPs – lessons from Russia

Debate over how to identify domestic Politically Exposed Persons (PEPs) seems never-ending, writes Oleg Zadalia of Accuity. Bankers, lawyers and assorted consultants all have an opinion, sharpened against the timetable for the Fourth EU Money Laundering Directive - the final text still looked for later this year. One question is whether anything might be learnt from elsewhere, outside the EU, from Russia perhaps.