Is obtaining Politically Exposed Person (PEP) declaration sufficient to determine whether a customer is a PEP or not?

In addition to obtaining declaration from the customer, the regulated person should perform screening, on risk sensitive basis, against information sources such as publically known information (list of members of the National Assembly, Senate, Political Parties, Senior Executives of State Owned Entities etc.) or commercial screening databases, to determine if the client is a PEP, its family member or a close associate.