> ## Documentation Index
> Fetch the complete documentation index at: https://help.spring.net/llms.txt
> Use this file to discover all available pages before exploring further.

# What is a PEP, and why is it important?

> Learn about Politically Exposed Persons (PEPs) and why enhanced due diligence is required.

## Definition

A PEP refers to an individual who holds or has held a prominent public position or a position of influence, making them more susceptible to involvement in corruption or illicit activities.

## Who Qualifies as a PEP

The category encompasses high-ranking government officials, politicians, senior executives of state-owned enterprises, and individuals with close associations to such positions.

## Regulatory Importance

Enhanced due diligence measures are applied to prevent corruption, money laundering and other financial crimes when dealing with PEPs.