Lifetime PEP status in Ukraine turns from anti-corruption tool into instrument of discrimination by banks against honest officials – lawyer

The lifetime status of politically exposed persons (PEPs) in Ukraine, which was introduced under the slogans of uncompromising борьба against corruption and money laundering, has in practice turned into a tool of bureaucracy and discrimination against honest officials, according to Taras Kovalsky, head of corporate practice and partner at the law firm Alekseev, Boyarchukov and Partners.


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