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

(1) In addition to the measures referred to in Article 8, paragraph 1 of this Law, enhanced customer due diligence shall include additional measures provided for by this Law for the cases as follows: 1. the establishment of a correspondent relationship with a bank or other similar credit institution seated in a third country; 2. the establishment of a business relationship or the conducting of a transaction referred to in Article 9, paragraph 1, items 1 and 2 of this Law with a customer who is a politically exposed person as referred to in Article 32 of this Law; 3. in instances when the customer was not present in person during identification and identity verification of the person during the course of due diligence measures implementation. (2) The reporting entity shall be obliged to conduct enhanced customer due diligence in all instances covered in paragraph 1 of this Article. (3) The reporting entity may apply an enhanced customer due diligence measure or measures in other circumstances when it shall deem in accordance with the provisions of Article 7 of this Law that there shall exist or might exist a great degree of money laundering or terrorist financing risk, due to the nature of the business relationship, the form and manner of transaction execution, business profile of the customer or other circumstances associated with the customer."

Source: Article 30, ANTI MONEY LAUNDERING AND TERRORIST FINANCING LAW 2008, with 2012 amendment

Only foreign politically exposed persons are subjected to enhanced due diligence policies.