A PEP, or politically exposed person, is a natural person who holds or has held a prominent public function of regional, national or even wider significance.
This includes, for example:
a leading representative of a regional authority – the mayor of a municipality or town, a city mayor, a regional governor,
a leading representative of a regional authority of a foreign country with a federal structure – a leading representative of state bodies, members of a state government and parliament, and so on,
a member of the statutory body of a state-owned business corporation
a minister, deputy minister, state secretary
a member of parliament or senator
a member of the governing body of a political party
it may also be
the President of the Czech Republic
the Prime Minister of the Czech Republic
a judge of the Supreme Court, the Supreme Administrative Court or the Constitutional Court
a member of the Bank Board of the Czech National Bank,
a high-ranking officer of the armed forces or a corps,
an ambassador or head of a diplomatic mission.
The following are also considered PEPs:
a person close to a person listed above
a partner or beneficial owner of the same legal entity, trust fund or other legal arrangement without legal personality as the person above
the beneficial owner of a legal entity, trust fund or other legal arrangement without legal personality which the obliged entity knows to have been created for the benefit of the person above.
More detailed information is available in Section 4 of Act No. 253/2008 Coll., on certain measures against the legalisation of the proceeds of crime and the financing of terrorism.