Politically exposed person Policy
Under Estonian legislation, we’re required to know whether our customers are considered PEPs.
However, being a PEP does not automatically prevent you from being our customer. We just need to know.
A politically exposed person (PEP) is an individual who is or has been entrusted in the past 12 months with a prominent public function. Family members and close business associates of PEPs are also considered PEPs themselves.
Examples of politically exposed positions include:
- Head of State, Head of Government, Minister, Deputy or Assistant Minister
- A Member of Parliament or of similar legislative bodies
- A member of the governing bodies of political parties
- A member of the Supreme Court, the Constitutional Court, or any other similar judicial body, whose decisions may not, except in exceptional cases, be appealed
- A member of the Supreme Audit Institution of the Court of Auditors and the State Audit Office
- A member of the Governing Board of the Central Bank
- Ambassador or trustee
- At least as a military officer in the Armed Forces
- A member of the administrative, management, and supervisory body of a wholly-owned State enterprise
- Director, deputy director, and board member of international organizations
- Member of the European Commission (EC)
- State secretary