Recommendation 12 (Politically Exposed Persons / PEPs): financial institutions should be required to: (a) have appropriate risk-management systems to determine whether a customer or beneficial owner is a PEP - foreign + domestic + international organisation; (b) obtain senior management approval for establishing + continuing business relationships with foreign PEPs + their family members + close associates; (c) take reasonable measures to establish source of wealth + source of funds; (d) conduct enhanced ongoing monitoring of the business relationship; (e) apply enhanced due diligence to family members + close associates of foreign PEPs. For domestic PEPs + international organisation PEPs the EDD applies where the business relationship is higher-risk. Recommendation 13 (Correspondent Banking): financial institutions should be required to gather sufficient information about a respondent institution to understand fully the nature of the respondent's business + determine from publicly available information the reputation of the institution + the quality of supervision + assess the respondent institution's AML/CFT controls + obtain senior management approval before establishing new correspondent relationships + clearly understand the respective responsibilities of each institution + with respect to payable-through accounts be satisfied that the respondent institution has performed CDD on customers having direct access.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.