If you receive a "PEP" notification during the verification process, please do not be alarmed; this is a standard procedure for financial compliance.
What is a PEP? PEP stands for Politically Exposed Person.
This means that you (or your immediate family members/close associates) currently hold or have previously held a significant public office, such as: government officials, high-ranking military officers, state-owned enterprise executives, or judges.
Why does this affect verification? According to global financial regulations, financial institutions must conduct extra scrutiny on PEPs to prevent the misuse of financial services (such as risks of corruption or money laundering). This does not imply any wrongdoing; the system simply needs to verify more information to ensure account security.