What’s the legal basis for collecting PEP statements?

As a Domestic Payment Institution, Przelewy24 is obligated to use relevant procedures and mechanisms aiming to detect and report transactions with the participation of the so-called PEPs (Politically Exposed Person), i.e. people holding high-rank positions in the government or an international organisation, as well as their family members or people closely related to them who may be particularly susceptible to the risk of financial fraud, such as corruption, money laundering or terrorism financing.

Given that, collecting PEP statements by Przelewy24 stems from the obligation to use measures preventing financial fraud and stems from the act of 1 March 2018 on counteracting money laundering and terrorism financing (AML).