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Politically Exposed Person (PEP)

FRT & privacy

An individual in a prominent public function — and their close family and close associates. The AML/CTF Rules 2025 recognise three categories: foreign PEP (mandatory ECDD + senior-manager approval); domestic PEP (Australian equivalent); international-organisation PEP. Domestic and international-org PEPs trigger ECDD where the customer's ML/TF risk is high. A PEP match does not automatically fail a customer; response depends on category and risk score.

This term sits in the FRT & privacy section of the working glossary — vocabulary covering facial-recognition controls and the Privacy Act 1988 (Cth), including the Australian Privacy Principles and the Notifiable Data Breaches scheme.

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Other terms in FRT & privacy