Verify a business (KYB)

Search for Politically Exposed Persons

Middesk offers Politically Exposed Persons (PEP) screening to help you identify businesses that have increased risk and may need additional due diligence and screening. Middesk identifies if the submitted and retrieved officers on a business are PEP, or if any of their relatives or close associates is a PEP.

PEP Screening is available as an add-on within the Business Verification solution. A Verify report is required to order PEP Screening. The PEP Screening product can be ordered simultaneously or after a Verify order as an add-on.

Types of hits

There are two types of PEP that can increase risk to a business:

  • Direct hits. If the officer of the business is politically exposed. Middesk indicates a higher risk status for direct hits than for someone who is associated with a PEP.
  • Relatives and close associates. If someone the officer knows or is related to is politically exposed. These are important to identify since a PEP may act through a relative or close associate to commit financial crimes.

Along with including the results of the PEP search in an API response, Middesk also indicates the type of hit.

statuslabelsub_label
SuccessThere were no hits on submitted individuals or their relatives and associatesNo hits
WarningThere were hits on relatives and close associates of the submitted individualsAssociate hits
FailureThere were hits on the submitted individualsDirect hits

To understand the results returned from a PEP screening, see the Politically exposed persons reference.

How to order PEP screening

PEP screening is included in the Enhanced Screenings package, which requires a completed Verify order. You can order both together as a bundle or sequentially.

Order verify and enhanced screenings together in a single request.

1

Create a business

$curl -X POST https://api.middesk.com/v1/businesses \
>  -H "Authorization: Bearer YOUR_API_KEY" \
>  -H "Content-Type: application/json" \
>  -d '{
>    "name": "Acme Corporation",
>    "addresses": [
>      {
>        "address_line1": "123 Main Street",
>        "city": "San Francisco",
>        "state": "CA",
>        "postal_code": "94105"
>      }
>    ],
>    "orders": [
>      { "product": "business_verification_verify" },
>      { "product": "enhanced_screenings" }
>    ]
>  }'
2

Wait for verification to complete

Wait for the business.updated webhook indicating the business status is in_review. Check the PEP review task for screening results.

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