Part III: Business & Regulation · Gaming Regulation & Compliance
Politically Exposed Person (PEP)
AML/CFT
An individual who holds or has held a prominent public position, including heads of state, government ministers, senior politicians, high-ranking military officials, senior executives of state-owned corporations, and senior members of the judiciary. PEPs also include their immediate family members and close associates. Casinos must apply Enhanced Due Diligence (EDD) to all PEPs due to their heightened risk for corruption and money laundering. Macau’s DICJ has specific requirements for identifying and monitoring foreign PEPs.
In practice
Macau DICJ Instruction 1/2019 (amended) clarified the legal definition of foreign PEPs and their treatment in casino operations.
Related terms
More in AML/CFT
AML Program·Structuring·Anti-Money Laundering (AML)·Title 31·SMURFing·Placement·Layering·Integration
One entry from the Casino Industry Glossary — 1,157 terms written for surveillance, compliance and operations professionals rather than for players. Definitions describe industry usage; where a term carries a regulatory meaning, verify against the instrument that governs your jurisdiction.