Public Compliance Communications 22
PCC 51 - Guidance on measures relating to FPPOs and DPIPs
This PCC provides further clarity on the money laundering (ML) risk posed by, and CDD considerations to be applied to, a business relationship with a client who is a domestic prominent influential person (DPIP) or foreign prominent public official (FPPO) or are an immediate family member or known close associate of a DPIP or FPPO and must be read together with Guidance Note 7 (GN7). (page 2)
This public compliance communication cross-references 3 linked laws.
Relationships in
Cross-references
Low confidencePCC 51 - Guidance on measures relating to FPPOs and DPIPs
"The manner in which the accountable institution scrutinises prospective clients, persons acting on behalf of the client and the beneficial owner's information to determine whether they are domestic prominent influential persons (DPIP) foreign prominent public officials (FPPO), their immediate family members or known close associates (refer to PCC 51)."
Relationships out
Read together with
Low confidenceGuidance Note 7
"This PCC provides further clarity on the money laundering (ML) risk posed by, and CDD considerations to be applied to, a business relationship with a client who is a domestic prominent influential person (DPIP) or foreign prominent public official (FPPO) or are an immediate family member or known close associate of a DPIP or FPPO and must be read together with Guidance Note 7 (GN7)."
Used in the current RMCP catalogue
This publication is referenced by the current RMCP citation catalogue. The catalogue records the source URL, corpus SHA-256, publication status, and corpus sync timestamp used when RMCP starter documents are assembled.
- PCC 51
Document
FIC
Financial Intelligence Centre
PUBLIC COMPLIANCE COMMUNICATION
PUBLIC COMPLIANCE COMMUNICATION
No. 51
GUIDANCE ON MEASURES RELATING TO
FOREIGN PROMINENT PUBLIC OFFICIALS,
DOMESTIC PROMINENT INFLUENTIAL
PERSONS, THEIR IMMEDIATE FAMILY
MEMBERS AND KNOWN CLOSE
ASSOCIATES
PCC SUMMARY
This PCC provides further clarity on the money laundering (ML) risk posed by, and CDD considerations to be applied to, a business relationship with a client who is a domestic prominent influential person (DPIP) or foreign prominent public official (FPPO) or are an immediate family member or known close associate of a DPIP or FPPO and must be read together with Guidance Note 7 (GN7).