Financial Action Task Force (FATF)

The FATF requires countries to monitor transactions involving politically exposed persons (PEPs). What is the purpose of enhanced due dilige...

MCQ

MCQ Answer

A. To prevent all political campaign donations.
B. To mitigate the higher risk of corruption and bribery associated with individuals holding public office. Correct

Explanation

PEPs require closer scrutiny due to their position of influence.

C. To monitor all government spending.
D. To set mandatory salaries for all public officials.

Correct Answer

To mitigate the higher risk of corruption and bribery associated with individuals holding public office.