Which of the following is considered a Politically Exposed Person according to the Basel Committee?

• A. Heads of state or government
• B. Senior executives of publicly owned corporations
• C. A-list celebrity actors and superstar athletes
• D. All, but A and B

Answer: (D)

A Politically Exposed Person (PEP) is an individual who holds a prominent public function and may present a higher risk for potential involvement in bribery or corruption by virtue of their position and the influence that comes with it. According to the Basel Committee, a PEP includes heads of state or government, senior executives of government-owned corporations, and certain other individuals.

The correct answer acknowledges that heads of state or government and senior executives of publicly owned corporations are indeed classified as PEPs. A-list celebrities and superstar athletes, however, do not fall into this category since their public prominence does not typically derive from a governmental or public position, and thus they are not considered PEPs.

Therefore, the choice indicating "all, but A and B," correctly identifies that heads of state and senior executives of publicly owned corporations are included in the PEP definition while excluding celebrities and athletes, who do not meet the required criteria to be classified as such.