Politically Exposed Person means a natural person who is or who has been entrusted with prominent public functions and includes the following:

• (a) heads of State, heads of government, ministers and deputy or assistant ministers;
• (b) members of parliament or of similar legislative bodies;
• (c) members of the governing bodies of political parties;
• (d) members of supreme courts, of constitutional courts or of other high-level judicial bodies, the decisions of which are not subject to further appeal, except in exceptional circumstances;
• (e) members of courts of auditors or of the boards of central banks;
• (f) ambassadors, chargés d'affaires and high-ranking officers in the armed forces;
• (g) members of the administrative, management or supervisory bodies of State-owned enterprises;
• (h) directors, deputy directors and members of the board or equivalent function of an international organisation.

No public function referred to in points (a) to (h) shall be understood as covering middle-ranking or more junior officials;

Family members includes the following:

• (a) the spouse, or a person considered to be equivalent to a spouse, of a politically exposed person;
• (b) the children and their spouses, or persons considered to be equivalent to a spouse, of a politically exposed person;
• (c) the parents of a politically exposed person;

Persons known to be close associates means:

• (a) natural persons who are known to have joint beneficial ownership of legal entities or legal arrangements, or any other close business relations, with a politically exposed person;
• (b) natural persons who have sole beneficial ownership of a legal entity or legal arrangement which is known to have been set up for the de facto benefit of a politically exposed person.