Regulatory Alerts2025-08-16 | Resolución SBS 2868-2025SBS Resolution No. 2868-2025: Amending Article 2 and the Annex of the Standard on Politically Exposed Persons (PEPs) for AML/CFT, Approved by Resolution No. 4349-2016.
The Peruvian Superintendent of Banking, Insurance and Private Pension Fund Administrators issued Resolution No. 02868-2025 to amend Article 2 and the Annex of the Standard on Politically Exposed Persons (PEPs) governing anti-money laundering and counter-terrorist financing compliance. The resolution updates the PEP definition timeframe to two years, clarifies that direct collaborators of top institutional authorities qualify as PEPs, and revises specific listed positions—including judicial leaders, ambassadors, procurement officials, and political party executives—to ensure obligated entities apply customer due diligence exclusively to individuals actually holding these roles. The amended standard enters into force the day after its publication in El Peruano, directly impacting risk-based identification procedures for financial and regulated entities.