PEP-Check at Liechtenstein Financial Market Authority

Liechtenstein's Financial Market Authority (FMA) is an independent regulatory authority for participants in the financial market of the Principality of Liechtenstein. The FMA has been using Telekurs Financial's PEP-Check application since December 2005. PEP-Check lets financial institutions investigate their potential and current clients using publicly available lists known as blacklists and PEP lists. With PEP-Check, comparison tests can be done either in the form of ad-hoc queries or in batch mode to check a financial institute's entire clientele.

The use of PEP-Check at the FMA is the result of close collaboration between the regulator and the financial data provider. The FMA has been providing client information (blacklists) to Telekurs Financial since the start of 2005; these are integrated into PEP-Check and thus made available to all interested financial institutions. Now the FMA also has the ability to verify the information quickly and efficiently with its own PEP-Check application and the sophisticated search options it features.


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