A politically exposed person (PEP) is a natural person who is or who in the past year has been entrusted with prominent public functions as well as their family members or close associates of such persons:

1. heads of State, heads of government, ministers, vice-ministers or deputy ministers, secretaries of State and chancellors of parliament, government or ministry

2. members of parliament

3. heads and deputy heads of political parties and members of their management bodies

4. members of supreme courts, of constitutional courts or of other high-level judicial bodies whose decisions are not subject to further appeal

5. members of the management bodies of national supreme audit and control institutions or chairs of the boards of central banks, deputy chairs or board members

6. ambassadors, chargés d'affaires, the Chief of Defence, commanders of military forces and units, the Chief of the Defence Staff, high-ranking officers in the armed forces of foreign states

7. members of the management or supervisory bodies of municipal enterprises, public limited liability companies and private limited liability companies whose shares or a part of shares carrying more than ½ of all the votes at the general meeting of shareholders of these companies are held by the right of ownership by municipalities and which are considered to be large undertakings under the Law on Financial Reporting by Undertakings;

8. members of the management or supervisory bodies of state enterprises, public limited liability companies and private limited liability companies whose shares or a part of shares carrying more than ½ of all the votes at the general meeting of shareholders of these companies are held by the right of ownership by the State

9. heads and deputy heads of international intergovernmental organisations and members of their management or supervisory bodies

10. mayors of municipalities, directors of municipal administrations

The following are categorized as family members of politically exposed persons - the spouse, the person with whom partnership has been registered (cohabitant), parents, brothers, sisters, children, children’s spouses and children’s cohabitants.

Close associate shall mean:

1. a natural person who participates in the same legal person or an organization not having legal personality, or maintains any other business relationship, with the person who carries out or carried out the functions of a politically exposed person

2. a natural person who has sole beneficial ownership of the legal person or an organization not having legal personality which has been set up or is operating for the de facto financial or any other private benefit of the person who carries out or carried out the functions of a politically exposed person