Via the Financial Action Task Force (FATF), an inter-governmental body: “The report Specific Risk Factors in the Laundering of Proceeds of Corruption [June 2012] was written to assist reporting institutions to better analyse and better understand specific risk factors that may assist them in identifying situations posing a heightened risk of corruption-related money laundering risk. The new FATF Recommendations require a reporting entity to have “appropriate” risk management systems in place to determine whether the customer or the beneficial owner is a foreign politically exposed person (PEP), and take “reasonable measures” to determine whether a customer or beneficial owner is a domestic PEP or an individual entrusted with a prominent function by an international organisation. To gauge whether a system is “appropriate,” or whether “reasonable measures” have been taken, requires an assessment of risk.”