The Bank has developed an effective compliance team with the aim of continuing full compliance with the regulatory demands throughout the Bank, as well as providing timely and accurate guidance to business areas. Strict adherence to the rules of the Bank’s regulators, with whom the Bank continues to endorse an open and honest relationship, is enforced at all times.
The Bank is fully cognisant of the seriousness and importance of the fight against money laundering and the financing of terrorism and enforces strict compliance and adherence to both the letter and spirit of the United Kingdom’s regulations for fighting financial crime.
Relevant members of staff receive specialised in-house training and external training to remain fully familiar and conversant with the guidelines and regulations. The Bank remains alert to any activity or transaction that might give rise to suspicion, and would immediately report any instance of suspicious activity to the UK Financial Intelligence Unit (“FIU”), the Serious Organised Crime Agency and, where applicable, to the FIU in jurisdictions of the Bank’s overseas branch. As the compliance team continues to strengthen to meet the growing changes in regulation, the Bank will benefit from a stronger and well informed management team.
Please click here to download Anti Money Laundering and Combating the Financing of Terrorism Statement.
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