Politically Exposed Person (PEP) Weekly Digest – Volume 124

124th PEP Weekly Digest:

Introducing the 124th edition of The PEP Weekly Digest, where we present to you the most recent updates and news on the global political stage.

Recent and upcoming elections influence the worldwide political landscape in eight nations, slated between Oct 01, 2025 and Nov 11, 2025. These elections hold significant importance, as they will determine the direction and governance of each respective country’s future.

Madhesh Chief Minister Satish Kumar Singh Resigns Ahead of Confidence Vote

One noteworthy event has occurred in Nepal: Chief Minister of Madhesh province Satish Kumar Singh has resigned.

Singh, who had been saying that he would face the provincial assembly, resigned without seeking a vote of confidence.

He announced his resignation while delivering a speech in the provincial assembly.

After Singh announced his resignation without seeking a vote of confidence, the agenda related to the vote of confidence in the provincial assembly was removed without being presented.

Speaker Ram Chandra Mandal instructed Singh to submit a written resignation to the province chief. He also announced that the provincial assembly has been adjourned until further notice.

Ernesto Alvarez Named Peru’s Prime Minister in New Government Under President Jeri

Shifting our focus to Peru, the former head of Peru’s constitutional tribunal, Ernesto Alvarez, has accepted the role of cabinet chief and prime minister in President Jose Jeri’s new government, the head of Alvarez’s party.

Jeri was sworn in after the abrupt ouster of former President Dina Boluarte, and has yet to formally announce the full make-up of his cabinet.

Popular Christian Party (PPC) Secretary General Javier Bedoya told local radio RPP that Alvarez had told the party leadership that he had accepted the role.

Ali Amin Gandapur Resigns as KP Chief Minister on Imran Khan’s Directive; Sohail Afridi Named Successor

In Pakistan, Pakistan Tehreek-e-Insaf (PTI) leader Ali Amin Gandapur announced that he would step down from his position as Khyber Pakhtunkhwa chief minister following party founder Imran Khan’s directive to replace him with MPA Sohail Afridi, Dawn reported.

PTI Information Secretary Sheikh Waqas Akram also shared the same message on X, attributing it to Gandapur. The PTI confirmed the news on its official X account, stating, “Ali Amin Gandapur has resigned as per Imran Khan’s directive,” Dawn reported.

Shortly before Gandapur’s post, PTI Secretary General Salman Akram Raja confirmed that MPA Sohail Afridi had been chosen as the next chief minister on Imran Khan’s instructions. “This is correct,” Raja told a reporter in Rawalpindi when asked about Afridi’s appointment.

FINRA Fines EFG Capital $650,000 for Repeated Anti-Money Laundering Compliance Failures

In the realm of regulatory affairs, the Financial Industry Regulatory Authority has fined Miami-based full-service brokerage firm EFG Capital International and issued a censure for persistent failures in its anti-money laundering, or AML, compliance program.

FINRA Rule 3310 requires member firms to develop and implement a written AML program reasonably designed to achieve compliance with the Bank Secrecy Act and its implementing regulations, specifically requiring the detection and reporting of suspicious transactions. A violation of this rule also constitutes a violation of FINRA Rule 2010, which requires firms to observe high standards of commercial honor and just and equitable principles of trade.

The $650,000 fine is the second major penalty for AML deficiencies the firm has faced in recent years. In May 2018, EFG was fined $800,000 for similar violations occurring between 2010 and 2015.

Iran MP Abolfazl Zohrevand sentenced 3 months and 1 day in prison for Remarks on Israel Conflict

Shifting our attention to Iran, Iran’s judiciary sentenced MP Abolfazl Zohrevand to prison on charges of “speaking against national security” during the 12-day war with Israel in June.

According to the Fars news agency, Zohrevand, a member of the Parliament’s National Security Commission, was sentenced to 3 months and 1 day in prison based on a complaint from the Supreme National Security Council. However, the verdict is open to appeal at the Court of Appeals.

The MP was found guilty of “spreading public anxiety” after making statements deemed contrary to national security during an online interview about the 12-day conflict in June, the Mizan website reported.

Zohrevand rejected the ruling, saying he will raise the issue in a public hearing before parliament.

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