PEP Screening Services for Reporting Entities
A politically exposed person is not someone you must refuse, but someone you must handle with care. We build the PEP screening that identifies these customers and triggers the right heightened checks.
A PEP Is a Risk Flag, Not a Prohibition
Unlike a sanctions hit, identifying a politically exposed person does not bar you from doing business. It signals higher risk, because prominent public positions carry greater potential for bribery and corruption. Screening for PEPs is how you spot that risk early and apply the enhanced measures the law expects.
Knowing Who Counts as a PEP
PEP status reaches further than many businesses realise. It covers foreign PEPs, domestic PEPs, and heads of international organisations, and it extends to their family members and close associates. We help you identify each category correctly, so a customer connected to political power is recognised as a PEP and handled accordingly, rather than slipping through as an ordinary account.
PEP Identification
We screen customers to identify politically exposed persons and their close connections.
Category Assessment
We determine whether a customer is a foreign, domestic, or organisational PEP.
Risk Response
We trigger the enhanced due diligence a confirmed PEP relationship requires.
Ongoing Review
We keep PEP status current, since a customer can become one over time.
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Businesses We Support With PEPs
We build PEP screening for money services businesses, payment service providers, cryptocurrency platforms, currency exchanges, real estate firms, and the many other reporting entities identifying higher-risk customers under the PCMLTFA.
We support banks with program design, oversight, & regulatory examination readiness.
We help credit unions meet obligations proportionate to their membership and scale.
We handle registration, renewals, reporting, & controls FINTRAC expects from you.
We cover Bank of Canada registration alongside your anti money laundering obligations.
We establish what your wallet activity triggers, then build only what applies.
We build compliance around what your product does, before volumes and questions arrive.
We register virtual currency dealers and build the reporting their activity demands.
We support financial institutions across registration, program build, and reporting duties.
Why Businesses Choose Our Screening
Correctly Identified
We catch PEPs across every category, including family and associates, so political risk is recognised rather than quietly missed.
Risk Proportionate
We treat a PEP as a risk to manage, not a customer to refuse, so heightened checks follow without rejection.
Kept Current
We refresh PEP status over time, so a customer who gains a prominent position is caught rather than overlooked.
Serving Businesses Across Canada
We deliver PEP screening right across the whole of Canada, from Toronto and Montreal to Vancouver and Calgary, and for foreign reporting entities that carry Canadian obligations wherever they operate.
Let's Talk About Your Compliance Needs
Schedule a Free Consultation
Whether you’re starting a new MSB or need ongoing AML support, our team responds within one business day.
PEP Screening Questions
Clear answers to the questions Canadian businesses ask most about identifying and managing politically exposed persons under the PCMLTFA and FINTRAC.
What is a politically exposed person?
Someone who holds or held a prominent public position, along with their family and close associates, carrying a higher risk of corruption.
Does a PEP match block a customer?
No. Unlike a sanctions match, a PEP is not prohibited. It triggers enhanced due diligence rather than barring the relationship.
How do foreign and domestic PEPs differ?
Foreign PEPs hold prominent positions in other countries; domestic PEPs hold them in Canada. Both carry heightened risk requiring enhanced measures.
What must we do after finding one?
Apply enhanced due diligence: establish source of wealth, obtain senior approval, and monitor the relationship more closely than an ordinary customer.
Do PEP associates need screening too?
Yes. Family members and close associates of a PEP carry related risk, so screening has to reach them as well as the PEP.