PEPs are categorized into 3 (three) types which include:

1. Foreign PEPs;
2. Domestic PEPs (known as Influential Persons: IPs in Bangladesh) and
3. Chief or similar high-ranking positions in an international organization
   Who are Politically Exposed Persons (PEPs)?
   1. A politically exposed person (PEP) is defined by the FATF as an individual who is or has been entrusted with a prominent public functions which include individuals in foreign country and domestic level. So, PEPs as per the FATF Standards and IPs as per Bangladeshi regulations, are the following individuals but not limited to –
      1. Heads of state or government, ministers and deputy or state ministers;
      2. Members of parliament or of similar legislative bodies;
      3. Members of the governing bodies of political parties (generally only apply to the national governing bodies where a member has significant executive power, eg. over the selection of candidates or distribution of significant party funds);
      4. Senior politicians
      5. Members of supreme courts, of constitutional courts or of any judicial body the decisions of which are not subject to further appeal except in exceptional circumstances;
      6. Members of courts of auditors or of the boards of central banks;
      7. Ambassadors, Charges d'affairs and high-ranking officers in the armed forces;
      8. Head or the senior executives or members of the administrative, management or supervisory bodies or State-owned enterprises;
      9. Chief, directors, deputy directors and members of the board or equivalent function of an international organizations
   2. Chief or similar high-ranking positions in an international organization
      Persons who are or have been entrusted with a prominent function by an international organization refers to members of senior management, i.e. directors, deputy directors and members of the board or equivalent functions.
   
   
   
   3. Who should be considered a family member of a PEP?
      Family members of a PEP shall include:
      • spouse, or civil partner
      • children and their spouses or civil partner
      • parents However, this is not an exhaustive list. A corrupt PEP may use members of his/her wider family to launder the proceeds of corruption on his/her behalf. It may be appropriate to include a wider circle of family members (such as aunts and uncles) in cases where a reporting organization assessed a PEP to pose a higher risk.
   
   
   
   4. Close Associates of a PEP
      A "known close associate" of a PEP is defined as:
      • an individual known to have joint beneficial ownership of a legal entity or a legal arrangement or any other close business relationship with a PEP
      • an individual who has sole beneficial ownership of a legal entity or a legal arrangement that is known to have been set up for the benefit of a PEP A 'known close associate' of a PEP is not a PEP themselves purely as a consequence of being associated with a PEP.