What's a Politically Exposed Person (PEP) & Why is it on my Report?

Posted by Paul Anderson-Riley in Identity Theft on 8 January 2018 - Paul is a Credit Analyst at checkmyfile

PEP stands for Politically Exposed Person, which would typically relate to an individual who has a prominent public title or function. If you receive this classification, often you will have to undergo additional security checks when applying for finance. Your credit file will tell you if you have been identified as a PEP, however for most people it isn’t something they’ll need to worry about.

Not all Credit Reference Agencies will report whether or not you are listed as a PEP, but it is included as part of your checkmyfile credit report, giving you the bigger picture.

Who can be identified as a PEP?

A PEP can relate to a person with an important, public profile or anyone closely associated with them, including friends or family members.

Those identified as a PEP can include:

  • MPs
  • Heads of State
  • Ministers/assistant ministers
  • Ambassadors or Chargés d'affaires
  • High-ranking military officers
  • High-up members of state-owned business entities
  • High-level judicial bodies
  • Central bank board members
  • Members of courts of auditors

How will it affect my credit applications?

If you have been identified as a Politically Exposed Person, you may be subject to more in-depth checks when you apply for credit.

This is because when a financial institution is dealing with someone who has this status they must take additional care as the person often carries an increased risk as a customer. Due diligence is required as a result of a heightened threat of fraud, bribery and corruption so additional checks are carried out which can include anti-money laundering checks, counter-terrorist checks or identification checks.

If this entry appears on your file this would typically mean that you have the status yourself or that someone you are linked to is a politically exposed person. In some cases this could be linked to you if you share the name of a person who has this status or who is linked to a PEP. The entry on your credit report wouldn’t impact your creditworthiness, affordability or score directly, but could delay the application process for credit due to the additional checks that would be required.

Disclosure of Death Registration Information

Crediva also return Death Registration Information on your report. The absence of this is expected (because it means you haven't been recorded as "dead" by a lender) but entries can sometimes appear in error due to similar names or other administration errors. If the information has been reported incorrectly please let us know and our team of analysts can look into this for you.

This record on a file can help prevent fraud relating to the impersonation of deceased persons and the data comes from the Registrars General for England and Wales, Scotland and Northern Ireland under the Disclosure of Death Registration scheme. The scheme receives weekly updates of new deaths registered in the UK.

How to check if someone is a politically exposed person

You can check to see if you are registered as a PEP by checking your checkmyfile credit report. Not all reports provided by Credit Reference Agencies will carry this data, however it is included in the information provided by Crediva that appears on our multi-agency credit reports.

If you are curious to know if you have PEP status or an erroneous Death Registration entry, you can try checkmyfile free for 30 days, then £14.99 a month and cancel at anytime. You'll get full access to your credit file, so you can see what lenders see when dealing with applications.

How To Check if Someone Is Using Your Identity For Fraud

Scams and fraudsters may have evolved to become more sophisticated over time, but when it comes to fighting back, one piece of advice has stayed true: If you’re concerned that you might have fallen victim to identity fraud or want to better protect yourself against it, your Credit Report is one of the best places to turn.

Published on 3 Apr 2019 by Paul Anderson-Riley

Full Article

Affected by the Marriott Hack? Here’s What To Do

If you’re one of the 500 million consumers to have stayed in a Marriott-owned Starwood chain hotel in the past four years, there’s a chance your personal information could have been compromised in what could be the second biggest ever data breach.

Published on 30 Nov 2018 by Jamie Mackenzie Smith

Full Article

Tesco Online Grocery List Disappears

After well over 10 years of using Tesco’s online grocery service, all of sudden, all of my Tesco order history has disappeared, alongside all the information stored in My Favourites – purchases made in-store and online over the past 13 months, My Usuals, and My Shopping Lists.

Published on 9 Oct 2018 by Barry Stamp

Full Article

Are linked addresses on your credit file a bad thing

Your Credit Report can surprise you: it can include reference to an address you have long-forgotten about or sometimes even an address you have never heard of, which is one of the reasons it’s important to check in every now and then.

Published on 30 Jul 2018 by Ian Carpenter

Full Article

Loan Fee Fraud: The £3.5 Million a Year Scam

For people facing financial hardship, sometimes taking out a loan to tide things over can seem like the most viable solution. But if you’re out of work or have a lower-than-average credit rating, it can be harder to get credit from mainstream lenders and mean that more expensive forms of finance in the sub-prime market are the only viable option. It often feels like a hopeless situation.

Published on 8 Jun 2018 by Jamie Mackenzie Smith

Full Article

Protecting yourself against identity theft online

Modern day fraudsters are now able to use the internet as a helpful tool to acquire a vast amount of information about an individual just from using their name. From this, they start to build a portfolio of data that they can then use to obtain credit, bank accounts and sign up for other services. By following a few simple steps you can help to reduce the risk of being exposed to a fraudster online.

Published on 22 May 2018 by Paul Anderson Riley

Full Article

Personal Data in the Wake of Facebook/Cambridge Analytica

Strange as it might sound to some, huge numbers of people routinely complete online surveys through Facebook to find out which football player they are most like, which Hogwarts house they should be in or how much money they will be earning in 2050. The truth is, every time you volunteer seemingly innocuous information or consent to share profile information with an app, your data is probably going somewhere to be used for another purpose.

Published on 17 Apr 2018 by Paul Anderson-Riley

Full Article

Identity Fraud: What To Do If It Happens To You

Year on year, there has been a substantial rise in the number of identity fraud cases being reported to organisations such as Cifas, the UK’s fraud prevention service. It’s no real surprise when you consider the crime can be committed from the comfort of someone’s home without ever having to risk showing their face.

Published on 6 Feb 2018 by George Coburn

Full Article

Brits continuing to fall for HMRC and Apple gift card scam

At the face of it, it seems a bit odd that the company responsible for collecting taxes would request payment from individuals in the form of an Apple iTunes gift card, but according to Action Fraud, this scam has continued to be profitable for fraudsters. The scheme first came to light in May last year and Action Fraud have received hundreds of complaints since then.

Published on 30 Jan 2017 by George Coburn

Full Article

Yahoo’ve been hacked – Yahoo in largest ever reported data breach

In the last two years, we have already been alerted to data breaches at Three Mobile, Tesco Bank, TalkTalk, Morrison’s, Steam and Sage, amongst others. The scale of these hacker attacks have varied. But none have come close to the newest report.

Published on 16 Dec 2016 by Ben Tumilty

Full Article
keyboard_arrow_left

keyboard_arrow_right

We are rated number 1 for customer service on