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Uruguay Central Bank Publishes Extensive PEP List

By Brian Monroe

The Central Bank of Uruguay has issued an official list of politically-connected individuals to aid banks and law enforcement in due diligence and criminal investigations, central bank officials confirmed. The list of Uruguayan politically-exposed persons, or PEPs, numbers more than 4,600 and goes beyond internationally-accepted definitions of "senior political figures" to include police commissioners, prosecutors, bailiffs, assistant managers, government inspectors and "semi-official" positions in government-run companies. The list is significant, not just for Uruguay, which has been trying for the past five years to shed its reputation as a bank secrecy haven, but because few, if any, countries, have cobbled...

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