70. Are reporting entities required to enforce enhanced due diligence policies and procedures regarding politically exposed persons?

95. (1) A police officer of or above the rank of sergeant may apply to a Judge in accordance with subsection (2) for an order directing a financial institution to give information to a police officer about transactions conducted through an account held by a specified person with the institution during the period specified in the order.

Source: Article 95, Proceeds of Crime Act, No 8 of 2003

102. (1) A financial institution or cash dealer shall identify the identity of a customer on the basis of any official or other identifying document and verify the identity of the customer on the basis of reliable and independent source documents, data or information or other evidence as is reasonably capable of verifying the identity of the customer when –

(a) a financial institution or cash dealer -

• enters into a continuing business relationship;
• in the absence of such a relationship, conducts any transaction;

(b) there is a suspicion of a money laundering offence or the financing of terrorism; or

(c) the financial institution or cash dealer has doubts about the veracity or adequacy of the customer identification and verification documentation or information it had previously obtained.

Source: Article 102, Proceeds of Crime Act, No 8 of 2003

(1) A financial institution or a cash dealer shall scrutinize to –

• any complex, unusual or large transactions;
• any unusual patterns of transactions,

that have no apparent or visible economic or lawful purpose.

(2) A financial institution or a cash dealer shall scrutinize to -

(a) business relations and transactions with persons in jurisdictions that do not have adequate systems in place to prevent or deter money laundering or the financing of terrorism;

(b) wire transfers that do not contain complete originator information.

(3) In relation to subsections (1) and (2), a financial institution or a cash dealer shall:

• examine as far as possible the background and purpose of the transactions or business relations and record its findings in writing; and
• report the transactions and its findings to the Financial Intelligence Unit as a suspicious transaction under section 107.

Source: Article 103, Proceeds of Crime Act, No 8 of 2003

There are no specific references in anti-money laundering law to politically exposed persons