A person in a politically exposed position is a person who has or has had an important public function in a state or in an international organization. Advinans is obliged to ask if you are a person in a politically exposed position or a family member or a known employee of such a person.

 

You cannot become a customer of Advinans if you or someone close to you is a person in a politically exposed position. The cost of dealing with such customers would affect other customers. A person in your vicinity refers to a family member or known employee in accordance with the Act (2017: 630) on measures against money laundering and terrorist financing. 


You cannot become a customer of Advinans if you or someone close to you is a person in a politically exposed position. The cost of dealing with such customers would affect other customers. A person in your vicinity refers to a family member or known employee in accordance with the Act (2017: 630) on measures against money laundering and terrorist financing.

 

What does important public function mean?

By important public function in a state is meant functions such as:

  1. heads of State or Government, Ministers and Deputy Ministers and Deputy Ministers;
  2. members of Parliament
  3. members of the Management Board of Political Parties (represented in any of the bodies referred to in paragraphs 1-2
  4. judges of the Supreme Court, the Constitutional Court or other high-level judicial bodies whose decisions can only exceptionally be appealed;
  5. senior officials of audit authorities and members of central bank governing bodies;
  6. Ambassadors, Chiefs of Mission and senior officers of the Armed Forces, and
  7. persons who are part of the administrative, management or control bodies of state-owned companies.


An important public function in an international organization refers to functions such as:

  1. directors
  2. deputy directors
  3. board members
  4. holders of similar positions.


What does a family member or famous employee mean?

Family member refers to:

  1. spouse
  2. registered partner
  3. cohabitant
  4. children and their spouses
  5. children and their registered partners
  6. children and their cohabitants
  7. parents.

 

By known employee is meant

  1. a natural person who, according to what is known or there is reason to believe, jointly with a person in a politically exposed position is the real principal of a legal person or legal structure or who otherwise has or has had close relations with a person in politically vulnerable position, and
  2. natural person who is the sole real principal of a legal person or legal structure which, as far as is known or there is reason to believe, has actually been established for the benefit of a person in a politically exposed position.


Close connections refer to close business connections and other connections that may mean that the known employee may be associated with an increased risk of money laundering or terrorist financing.

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