The Enabling PEP: Source and Summit of Corruption Aided Money Laundering

The PEP as Source and Summit of Corruption-Aided Money Laundering

PEPs sit at the intersection of power and privilege. This position potentially allows them to create and exploit loopholes in governance and financial systems. The use of family and associates to move funds provides cover for laundering the proceeds of corruption.

When a PEP abuses his/her office:

• They can direct state resources to preferred entities.
• They can influence institutions responsible for oversight.
• They can avoid detection through insider access.

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