Definition
PCMLTFA distinguishes domestic PEPs, foreign PEPs, heads of international organizations (HIOs), and their family members and close associates. For foreign PEPs and HIOs, registrants must obtain senior management approval to open or maintain the account, take reasonable measures to establish source of wealth, and conduct enhanced ongoing monitoring.
Source
PCMLTFA Regulations s.9.3; FINTRAC Guideline 6G
Where this shows up on the CIRE
- Outcome 6.1