Definition of a politically exposed person
Definitions of politically exposed person, family members and close associates. Quote from DIRECTIVE (EU) 2015/849, article 3:
(9)
‘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;
(10)
‘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;
(11)
‘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.