Ukraine’s register of politically exposed persons

The Anti-Corruption Action Centre launched a website which offers a registry of officials designated as “Politically Exposed Persons” (PEP) in Ukraine. The site also identifies close associates and family members of “Politically Exposed Persons”. In an effort to curb international money laundering financial institutions are required to check the transactions of PEPs. They are required to determine the identity of their clients and the origin of their funds. The Anti-Corruption Action Centre’s initiative aims to facilitate these checks by financial institutions and thereby to contribute to eradicating money-laundering and, by extension, corruption.