What is 'politically exposed person' in SAP GRC-BIS - SAP Business Integrity Screening?

politically exposed person - Overview

• Component: GRC-BIS

• Component Name: SAP Business Integrity Screening

• Description: Someone who has been entrusted with a prominent public function, like a foreign official, or anyone who is closely related to such a person. Because of their position and the influence that they may hold, such a person is considered to have a higher risk for potential involvement in bribery and corruption. PEP is a term used in the Foreign Corrupt Practices Act FCPA.

politically exposed person - Details

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  Key Concepts:
  A politically exposed person (PEP) is an individual who holds a prominent public position or office, such as a head of state, senior government official, or military leader. PEPs may be at higher risk of engaging in bribery and corruption due to their access to public funds and influence over decision-making.
  
  How to use it:
  In SAP Business Integrity Screening (GRC-BIS), PEPs are identified through a screening process that compares customer data against a global database of PEPs. The screening process can be configured to match customer data against the database on a regular basis, or it can be triggered manually.
  
  Tips & Tricks:
  When configuring the screening process, it is important to consider the frequency of the screening and the criteria used for matching customer data against the PEP database. It is also important to ensure that the screening process is compliant with applicable laws and regulations.
  
  Related Information:
  For more information on SAP Business Integrity Screening (GRC-BIS), please refer to the official SAP documentation. Additionally, there are several third-party resources available that provide additional information on PEPs and how to identify them.