2.7 The risk in doing business with PEPs lies in the fact that heads of state, high-ranking officials and other PEPs may use their influence to illegally enrich themselves at the expense of the State. FWD should take reasonable step to ensure that they do not knowingly or unwittingly assist in hiding or moving the proceeds of corruption by PEPs or their close associates, and thus PEPs are all classified as increased risks customers and Enhance CDD must be performed for PEPs.
When FWD Thailand accepting assets from of for a PEP customer, and it is equally important to carefully monitor the personal transaction of a PEP customer to ensure that they continue to be aligned with PEP’s personal wealth and investment expectations.