RCA

Understanding RCA: Relatives and Close Associates

RCA, which stands for Relatives and Close Associates, refers to individuals who are closely connected to a Politically Exposed Person (PEP). Often termed as 'PEPs by association', RCAs include individuals such as:

• Spouses and romantic partners of PEPs
• Family members, including children and siblings
• Close friends and confidants
• Professionals or business associates who maintain a relationship with a PEP

Identifying RCAs is a crucial component of risk assessment in various financial and compliance sectors. These individuals can influence or be influenced by a PEP, which is why their association needs to be monitored.

To assist in this process, the AMLBuddy system conducts automatic screenings against the Dow Jones WatchList. This comprehensive database includes over 1,100 global sanctions lists, ensuring that clients are properly informed of any associations with PEPs, Senior Influential Persons (SIPs), or RCAs. The system is updated daily with the latest information from Dow Jones, providing clients with ongoing monitoring for enhanced compliance and risk management.