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.