PEP (Politically Exposed Person)

PEP (Politically Exposed Person)

A politically exposed person (PEP) or the head of an international organization (HIO) is a person entrusted with a prominent position that typically comes with the opportunity to influence decisions and the ability to control resources. A PEP can be either ‘Foreign’ or ‘Domestic’.

Foreign PEP

A person (or family member or close associate of a person) who holds or has held one of the following offices or positions in or on behalf of a foreign country:

  • head of a foreign state or government;
  • member of the executive council of government or member of a legislature of a foreign government;
  • deputy minister or equivalent rank;
  • ambassador or attaché or counselor of an ambassador;
  • military officer with a rank of general or above;
  • president of a state-owned company or a state-owned bank;
  • head of a government agency;
  • judge of a foreign supreme court, constitutional court, or another court of last resort;
  • leader or president of a political party represented in a foreign legislature; or
  • holder of any foreign prescribed office or position.

Head of an International Organization (HIO)

A person (or family members or close associates of a person) who within the last 5 years holds or has held the office or position of head of:

  • an international organization that is established by the governments of states;
  • an institution of an international organization that is established by the governments of states; or
  • an international sports organization.

A Domestic PEP

A person (or a family member or close associate of a person) who holds – or has held within the last 5 years – one of the following offices or positions in or on behalf of the Canadian federal government, a Canadian provincial government, or a Canadian municipal government holds one of these offices/positions:

  • Governor-General, lieutenant governor, or head of government;
  • member of the Senate or House of Commons or member of a legislature of a province;
  • deputy minister or equivalent rank;
  • ambassador, or attaché or counselor of an ambassador;
  • a military officer with a rank of general or above;
  • president of a corporation that is wholly owned directly by Her Majesty in right of Canada or a province;
  • head of a government agency;
  • judge of an appellate court in a province, the Federal Court of Appeal or the Supreme Court of Canada;
  • leader or president of a political party represented in a legislature;
  • holder of any prescribed office or position; or
  • mayor, reeve, or other similar chief officer of a municipal or local government.

Family member

Means a PEP or a HIO’s:

  • child
  • parent
  • parent’s child
  • spouse or common-law partner
  • spouse’s or common-law partner’s parent

Close associate

Means a person closely connected to a senior official or an HIO for personal (social) or business (professional) reasons.

A third party is an individual or entity, other than the account holder or those authorized to give instructions about the account, who directs what happens with the account. For example, if an account were opened in one individual’s name for deposits that are directed by someone else, the other person or entity would be a third party.

  • A secondary piece of identification from the primary list above
  • Canadian Birth Certificate
  • Credit Card bearing the name and signature of the individual which has issued by a well-known and reputable Canadian financial institution
  • A CNIB (Canadian Institute for the Blind) client card bearing the individual’s photo and signature
  • Provincial Outdoors Card
  • Canadian University or College Student Card with photo (for student identification only)
  • An employee identification card (with photo) issued by an employer that is well known in the community (i.e. KGH, DND, Queens University, Corrections Canada, etc.)
  • Foreign passport
  • Canadian Passport
  • Permanent resident card
  • Citizenship card (issued prior to 2012)
  • Secure Certificate of Indian Status issued by the Government of Canada
  • Driver’s licenses issued by province or territory
  • The DND (Department of National Defense) 404 driver’s license
  • Nexus Card issued by Canada Border Services Agency
  • Provincial Service Cards
  • Provincial or territorial identity cards (i.e. Ontario Photo Identification Card)
  • Foreign Passport (only if it is equivalent to a Canadian issued photo identification document)