TBA Law Blog


Posted by: Suzanne Craig Robertson on Aug 23, 2018

"The news is full of intrigue, innuendo, and perhaps even a few facts associated with certain financial transactions connected to a number of 'politically exposed people' or “PEPs," Kathryn Reed Edge writes. "A PEP is an individual who, because of his or her prominent public functions or position, may present a higher risk for potential involvement in corruption, abuse of influence or bribery because of the position he or she holds." Edge's "Bank On It" column, which includes a mention of Robert Mueller, Michael Cohen and shell companies, is about the importance of financial institutions’ willingness to report suspicious activity.