Episode #22
The PEP Screening Gaps Regulators Are Finding and How to Close Them
Join Shilo Grayson, Regulatory Strategy Specialist at KYC360, for a practical guide to understanding PEP risk, evolving regulatory expectations and what effective PEP controls look like in 2026. PEPs exist as a risk category because individuals entrusted with prominent public functions may have access to public funds, influence, procurement decisions, licensing powers or state-owned enterprises. In 2026, firms continue to face pressure to get PEP screening right. Regulators expect firms to identify PEPs, family members and known close associates accurately, assess the risk they present, apply appropriate enhanced due diligence, obtain approvals where required, and monitor relationships over time. Firms also need to manage diverging global definitions, poor data quality, false positives, changes in PEP status, source-of-wealth questions, connected parties and ongoing monitoring across the customer lifecycle. This session outlines how firms can move from basic PEP matching to a more effective risk-based framework, with practical steps for improving screening quality, EDD, audit trails and ongoing review. Hosted on Acast. See acast.com/privacy for more information.
