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Glossary termPublished inAMLR

Politically exposed person (PEP)

Also known as PEP, Politically exposed person

What does "Politically exposed person (PEP)" mean under the AMLR?

A natural person who is or has been entrusted with prominent public functions, including:

  • (a) in a Member State:
    • (i) heads of State, heads of government, ministers and deputy or assistant ministers
    • (ii) members of parliament or of similar legislative bodies
    • (iii) members of the governing bodies of political parties
    • (iv) 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
    • (v) members of courts of auditors or of the boards of central banks
    • (vi) ambassadors, chargés d’affaires and high-ranking officers in the armed forces
    • (vii) members of the administrative, management or supervisory bodies of State-owned enterprises
    • (viii) heads of regional and local authorities, including grouping of municipalities and metropolitan regions, with at least 50 000 inhabitants
  • (b) in an international organisation:
    • (i) the highest-ranking official, its deputies and members of the board or equivalent function
    • (ii) representatives to a Member State or to the Union
  • (c) at Union level: functions equivalent to those listed in point (a)(i), (ii), (iv), (v) and (vi)
  • (d) in a third country: functions which are equivalent to those listed in point (a)

Defined in / by

Last updated: 22 August 2026.

Regulations

  • Anti-Money Laundering Regulation (AMLR)

    The AMLR is Regulation (EU) 2024/1624. It applies from 10 July 2027 and is directly applicable, so from that date customer due diligence, beneficial ownership, reporting and internal controls come from EU law rather than national statute. Cash payments for goods and services are capped at €10,000. Football clubs and agents follow on 10 July 2029.

    Next
    AMLR applies (Art. 90) and the AMLD6 transposition deadline. References to Directive (EU) 2015/849 are construed as references to the AMLR and AMLD6, per the correlation table in Annex VI (Art. 89); the repeal itself sits in AMLD6

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