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

405. There are no provisions in the MLPCA or the FIA that addresses politically-exposed persons

(PEPs).

Source: International Monetary Fund, Palau: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism International Monetary Fund, Washington DC 2008 at https://www.imf.org/~/media/Websites/IMF/imported-full-text-pdf/external/pubs/ft/scr/2009/_cr0909.ashx accessed January 4 2018

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